By David DeGraw, Amped Status
Posted on September 18, 2011
Via Alternet

( Downward mobility, homelessness spreading to the middle class, 200,000 public employees laid off? Here are some frightening trends to keep an eye on. )

Paul Krugman
What A Drag

From Goldman Sachs, an estimate of the federal budget impact on growth. The gray line shows the direct impact, the blue line includes the induced “multiplier” effects. Notice that this shows the rate of change, not the level effects. I explained the difference a while back.

What you can see is that the unwinding of the ( Read more... )

A few days ago, I described how oil prices dropped and stocks went up on news of bin Ladin's death. I also said that it wouldn't last, a view shared by Kunstler.
This morning, Bloomberg is putting out a story that the price of West Texas Intermediate crude oil dropped - from $113 to 112 - because Bin Laden was tossed into the sea. How long will ( Read more... )

déjà vu, folks
I'm going to bold & color in red a few key parts

Bloomberg:
Commodities' Biggest Collapse Since Lehman Fell Signals Bear Market Ahead

The biggest slump in commodities since Lehman Brothers Holdings Inc. collapsed is undermining Wall Street forecasts for accelerating economic growth and higher prices for everything from copper to crude ( Read more... )

Wall Street Journal:
Risk in Market's One-Track Mind Bears dismiss the proverbial light at the end of the tunnel as an oncoming train ( Read more... )

Actually, I was just catching up a bit on the entertainment channel, CNBC, where their "all-stars" were almost unanimous in proclaiming a new bull market in stocks and commodities, an end to the housing slump, a sudden love for Tim Geithner, and that tulips would be all the rage again by the end of the year [ok, maybe not the thing about the tulips ( Read more... )

(In at least 61 years, when this series began)

Times Online
November 18, 2008 US producer prices fall by record 2.8%The collapse of commodity values caused by the global recession has triggered a record fall in US producer prices in October ( Read more... )