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» The Ugly Facts:

The Ugly Facts

Posted by on June 9, 2010 at 5:12 pm.

Think things are getting better? Here are the ugly facts:  In 2010 the U.S. will issue as much debt as the rest of the world combined: http://www.forbes.com/forbes/2010/0208/debt-recession-worldwide-finances-global-debt-bomb.html In February there were 5.1 unemployed people for every job opening: http://www.zerohedge.com/article/bls-releases-latest-job-openings-data-number-unemployed-people-open-spot-increases-february–  1.41 million Americans filed for bankruptcy in 2009 up 32 percent from 2008: http://www.mybudget360.com/141-million-americans-filed-for-personal-bankruptcies-in-2009-a-jump-of-32-percent-from-2008-more-and-more-average-americans-resorting-to-bankruptcy-even-with-tougher-rules-to-file/  Mortgage purchase applications are down 40 percent from a month ago: http://www.cnbc.com/id/37469420  Foreclosure filings for March 2010 were 367,056 which is the highest ever reported by Realty Trac: http://thehomeforeclosurehelp.com/archives/barack-obamas-foreclosure-help-programs-are-not-working  More than 40 percent of those employed in the U.S. work low wage service jobs: http://money.cnn.com/2010/05/20/news/economy/consumer_retail_walmart.fortune/index.htm BMO Capital Markets says sellyour stocks and go to cash: http://www.scribd.com/doc/32708043/Go-To-Cash Another awarning bell rings for the stock market: http://www.moneyandmarkets.com/another-warning-bell-rings-for-the-stock-market-39343 Gold is flashing a warning signal: http://www.infowars.com/golds-flashing-warning-sign/ Dow 1929/1930 looks like Dow 2009/2010: http://3.bp.blogspot.com/_nSTO-vZpSgc/TA9FA5kuNnI/AAAAAAAAIp4/01WsL6qsPKQ/s1600/DOW+October+1929+-+October+1930+vs+S%26P+60+Minute.png Investment adviser says to buy barbed wire and guns: http://www.intforecaster.com/   BP spill means higher oil prices: http://www.bloomberg.com/apps/news?pid=20601103&sid=aU9YarALy.9Mb 2012 and the dollar crash: http://www.financialsense.com/fsu/editorials/laird/2010/0609.html Participation in the food stamp program has increased 23.74 percent in the last year: http://www.businessinsider.com/food-stamps-2010-6 A double dip recession is on the way: http://www.huffingtonpost.com/robert-reich/why-were-falling-into-a-d_b_600571.html Be prepared.

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