How much longer will the US economy be able to take this?

CNBC
May 9, 2011
Home Values See Biggest Drop Since 2008

U.S. home values fell in the first quarter at the fastest rate since late 2008, real estate data firm Zillow said on Monday, suggesting that a bottom will not be seen until 2012 at the earliest.

Zillow said its home value index fell 3 ( Read more... )

Over the past month, the percentage of Americans pessimistic about the direction of the economy has jumped to 39% from 26%.

Being that the largest increase in pessimism appears centered in expectations components, a chief leading indicator, this poll will likely increase talk about the risk of a new recession on the horizon.

Full poll results here

( Read more... )

CNBC
Killer Combo of High Gas, Food Prices at Key Tipping Point

The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the US economy into a recession, according to Craig Johnson, president of Customer Growth Partners.
Johnson looks at the percentage of income consumers are ( Read more... )

U.S. Economic Indicators Turn Less Rosy

( Read more... )

And also, here are the results of a poll we took back in February as to what level we thought gas would have to reach in order for you to a)spend less on gas, and b)to pull back on spending, overall.

Poll Price Of Gas Where You Live?

-Related-
MarketWatch.com
April 12, 2011, 3:09 p.m. EDT
Gasoline prices up 40% this summer*, U.S. says
Motorists should prepare for ( Read more... )

CNBC
Could 2011 Be Worse Than 2008? Don't Rule It Out

2011 is beginning to look very like 2008 before the collapse of Lehman Brothers-except the numbers involved are much bigger this time around, according to Simon Derrick, the chief currency strategist at Bank of New York Mellon...

"This time around, the battle is being staged in the euro zone and ( Read more... )

Kyodo News
Woes deepen over radioactive water at nuke plant, sea contamination

TOKYO, March 28, Kyodo

Japan on Sunday faced an increasing challenge of removing highly radioactive water found inside buildings near some troubled nuclear reactors at the Fukushima Daiichi plant, with the radiation level of the surface of the pool in the basement of ( Read more... )

( Read more... )

Poll OIL

Business Spectator
A US recession would be fatal

Fears that the global economy could be on the precipice of a sharp slow-down spread overnight, as the oil price pushed perilously close to the level considered to be the recessionary trigger-point.

The price of Brent crude broke through $US119 a barrel, as traders worried that escalating tensions in ( Read more... )