Economic Realities of the US Economy (Charts)
Conditions show weakness, not improvement. Soft-land enthusiasts face rude awakening challenges. Later in 2012 and especially 2013, expect tougher times to reshape their outlook. They’re always notoriously behind the curve.
Bad policy begets bad results. Force-fed austerity promises hard times getting nasty. In fall 2007, residential housing’s reversal shaped events going forward. administration policies have been spectacularly wrongheaded. Planned late year austerity when stimulus is needed will be disastrous.
Inflation is much higher than reported. So is unemployment, growing poverty, and public pain. At the same time, high food, energy, medical, transportation and other costs grow more unaffordable. Households with limited resources feel it most.Home prices haven’t stabilized. Meaningful job creation is moribund. Solutions for issues this important aren’t addressed. Rhetoric substitutes for sound policy.
The following charts display the economic realities looming in regards to the U.S. Economy.