From Ruth S. King comes a chart which all of us should read and absorb, sobering though it may be:
January 2009 Today % change Source
Avg. retail price/gallon gas in U.S. $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
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
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. military (curr = 12/10 prelim)
2,779,000 2,840,000 2.2% 3
Real median household income (2008 v 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 2,600,000 6,400,000 146.2% 3
Poverty rate, individuals (2008 v 2009)
13.2% 14.3% 8.3% 4
People in poverty in U.S. (2008 v 2009)
39,800,000 43,600,000 9.5% 4
U.S. rank in Economic Freedom World Rankings
5 9 n/a 10
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 prelim)
1,575.1 1,865.7 18.4% 13
U.S. money supply, M2, in billions (curr = 12/10 prelim)
8,310.9 8,852.3 6. 5% 13
National debt, in trillions $10.627 $14.052 32.2% 14
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history.
Sources:
(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
Thursday, February 17, 2011
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