A massive drop in retail sales will show the economy is headed south again
Fred Day
Oct. 11, 2009

The data next week show that Retail sales in the U.S. collapsed in September as auto dealerships sat empty after the “cash for clunkers” program expired.

Purchases dropped 2.4 percent, the biggest decrease this year, after rising 2.7 percent in August, according to market expectations. Other reports will also show inflation and factory outputs fell unexpectedly last month.

Plunging auto sales in September manifests that household spending cannot be sustained, without government incentives as long as unemployment and underemployment keeps climbing.

The data points to coming deep depression in the economies across the world.

Another sign of massive economic depression - U.S. job opportunities fall to the lowest level since the great depression
Peter Oberois
The number of job openings is the lowest since year 2000 and the underemployment makes it worst since the great depression.
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A massive drop in retail sales will show the economy is headed south again
Fred Day
The data next week show that Retail sales in the U.S. collapsed in September as auto dealerships sat empty after the “cash for clunkers” program expired.
READ MORE>>

Gold rally signifies second phase of post-Lehman financial meltdown and depression
Media Release
The Gold price has finally breached $1000 an ounce. It shows the state of the US economy and the signal of oncoming depression.
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Toyota Motor has asked 3.8 million vehicle owners of seven popular models to remove the floor mat of their car that could jam the accelerator pedal and cause a crash
Special Correspondent
Recent events have prompted Toyota to take a closer look at the potential for an accelerator pedal to get stuck in the full open position due to an unsecured or incompatible driver's floor mat : Toyota
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US job situation horrific - economic depression can take Dow below 2000 level
Fred Day
Even if the nation could add 2.15 million private-sector jobs per year starting January 2010, it would need to maintain this pace for more than seven straight years (7.63 years), or until August 2017, to eliminate the job deficit.
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263,000 jobs lost in September, unemployment rate at 9.8% - it looks like a depression, it smells like a depression, it is an economic depression
Tania Solanki
Unofficial underemployment rate is 65%. That means out 100 people, 75 are either unemployed or underemployed.
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Bernanke’s recipe for ‘too big to fail’ is the root cause of global economic depression of unprecedented level between now and 2020
Paula Zuba
. The borrowed cash will haunt many developed countries as they struggle between now and 2020 to pay the debt load of trillions of dollar they have wasted to put coma stricken economies on life support systems.
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Chinese real estate leading the world into deep economic depression – signs from Hong Kong IPO ‘Massacre’ tells it all
Peter Oberois
The world economy is poised for a deep economic depression between now and the next twelve years. Chinese real estate sector is experiencing a classical blow off after the raw cash from stimulus money ran its bubble course.
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