n. WTSHTF: So Oblama promised us change? We got it...

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Sunday, February 13, 2011

So Oblama promised us change? We got it...

President Obama promised change.
According to this data,  the hope that millions had in President Obama was for naught. It really is stunning how bad things have gotten, and worse, conditions will continue to deteriorate unless the magic money printing presses of the Federal Reserve and continued spending by Congress somehow manage to turn it all around. Given that we’ve spent trillions already, engaged in destructive monetary policy, and learned absolutely nothing, we suspect the trends below will continue:

January 2009 TODAY % chg Source





Avg. retail price/gallon gas in U.S. (regular conventional)
$1.83
$3.104
69.6%
1
Crude oil, European Brent (barrel)
$43.48
$99.02
127.7%
2
Crude oil, West TX Inter. (barrel)
$38.74
$91.38
135.9%
2
Natural gas, Henry Hub, $ per MMbtu
$4.85
$4.48
-7.6%
2
Gold: London (per troy oz.)
$853.25
$1,369.50
60.5%
2
Corn, No.2 yellow, Central IL
$3.56
$6.33
78.1%
2
Soybeans, No. 1 yellow, IL
$9.66
$13.75
42.3%
2
Sugar, cane, raw, world, lb. fob
$13.37
$35.39
164.7%
2





Producer Price Index:  all commodities
171.0
189.9
11.1%
3
Unemployment rate, non-farm, overall
7.6%
9.4%
23.7%
3
Unemployment rate, blacks
12.6%
15.8%
25.4%
3
Number of unemployed
11,616,000
14,485,000
24.7%
3
Number of fed. employees, ex. uniformed military (curr = 12/10 prelim)
2,779,000
2,840,000
2.2%
3
Real median household income (2008 vs 2009)
$50,112
$49,777
-0.7%
4
Number of food stamp recipients (curr = 10/10)
31,983,716
43,200,878
35.1%
5
Number of unemployment benefit recipients (curr = 12/10)
7,526,598
9,193,838
22.2%
6
Number of long-term unemployed,  in millions
2.6
6.4
146.2%
3
Poverty rate, individuals (2008 vs 2009)
13.2%
14.3%
8.3%
4
People in poverty in U.S.,  in millions  (2008 vs 2009)
39.8
43.6
9.5%
4
House price index (current = Q3 2010)
198.7
192.7
-3.0%
7
S&P/Case-Shiller Home Price Index: 20 city composite (curr = 10/10)
146.4
145.3
-0.8%
8
Number of properties subject of foreclosurefilings,  in millions
2.82
2.87
1.7%
9





U.S. rank in Economic Freedom World Rankings
5
9
n/a
10
Consumer Confidence Index (curr = 12/10)
37.7
52.5
39.3%
11
Present Situation Index (curr = 12/10)
29.9
23.5
-21.4%
11
Failed banks (curr = 2010 + 2011 to date)
140
164
17.1%
12
U.S. dollar versus Japanese yen exchange rate
89.76
82.03
-8.6%
2
U.S. money supply, M1,  in billions  (curr = 12/10 preliminary)
1,575.1
1,865.7
18.4%
13
U.S. money supply, M2,  in billions  (curr = 12/10 preliminary)
8,310.9
8,852.3
6.5%
13
National debt,  in trillions
$10.627
$14.052
32.2%
14

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