Chart usGOLD   Chart usSILVER  
 
Food for thought
In a free society what you know is important, in other societies it is whom you know
Anonymous  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1238.16-2.84
Silver 17.10-0.04
Platinum 1252.70-2.40
Palladium 762.75-2.55
WORLD MARKETS
DOWJONES 16461-154
NASDAQ 4383-37
NIKKEI 15139-57
ASX 5370-3
CAC 40 412116
DAX 899555
HUI 185-6
XAU 76-3
CURRENCIES (€)
AUS $ 1.4414
CAN $ 1.4236
US $ 1.2666
GBP (£) 0.7904
Sw Fr 1.2066
YEN 136.2010
CURRENCIES ($)
AUS $ 1.1383
CAN $ 1.1238
Euro 0.7896
GBP (£) 0.6241
Sw Fr 0.9526
YEN 107.5170
RATIOS & INDEXES
Gold / Silver72.41
Gold / Oil15.45
Dowjones / Gold13.29
COMMODITIES
Copper 3.040.02
WTI Oil 80.140.01
Nat. Gas 3.63-0.03
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Still Unrecovering
Published : September 21st, 2011
189 words - Reading time : less than a minute
( 1 vote, 5/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

In "Our Sputtering Economy by Numbers: Poverty Edition," ProPublica highlights statistics derived from the Census Bureau's lncome, Poverty, and Health Insurance Coverage in the United States: 2010, which lend further weight to the notion that what we've experienced since the recession "ended" back in 2009 could best be described as an "unrecovery." Here are just a few examples

 

Poverty:

 

Official U.S. poverty rate in 2007, before the recession: 12.5 percent

 

Poverty rate in 2009: 14.3 percent

 

Poverty rate in 2010: 15.1 percent

 

Last time the poverty level was this high: 1993

 

Income:

 

Decline in median household income since 2009: 2.3 percent

 

Decline in median household income since before the recession: 6.4 percent

 

The last time median household incomes have been this low: 1996

 

In both cases, the statistics that are supposed to improve when a recession ends have actually gotten worse. Maybe I'm a little slow on the uptake, but isn't this the wrong way around?

 

Regardless, the fact that Americans are in worse shape financially than they were before financial Armageddon erupted suggests the economy's next leg down is going to be an ugly one.

 

Michael J. Panzner 

 

 

 

 

Tweet
Rate :Average note :5 (1 vote)View Top rated
Previous article by
Michael J. Panzner
All articles by
Michael J. Panzner
Next article by
Michael J. Panzner
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Michael J. Panzner

Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
Michael J. Panzner ArchiveWebsiteSubscribe to his services
Most recent articles by Michael J. Panzner
2/18/2013
2/16/2013
2/13/2013
1/7/2013
12/19/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer