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The Drip, Drip, Drip of Recession

The Great Recession

News of significant recessionary drops in the US became as relentless this past week as the ping, ping, pang of drips from a leaking ceiling hitting pans in the New York Stock Exchange. I’ve been saying you would hear the sounds of recession everywhere as soon as the second-quarter earnings reporting season began this summer. Here we are, and here’s a list of the week’s downbeat economic news that quickly terminated the S&P 500’s rally … right where I said it would end … slightly above its previous summit. 

The Cass Freight Index remained negative for the seventh month in a row.

Shipping reflects the whole manufacturing economy, and it has been sinking into the South China Sea like this all year:

Read the rest here: The Great Recession

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3 Responses to The Drip, Drip, Drip of Recession

  1. KOYOTE says:

    “News of significant recessionary drops in the US became as relentless this past week as the ping, ping, pang of drips from a leaking ceiling hitting pans in the New York Stock Exchange.”
    WELL? YOU CANT REMOVE THE BEST THERE IS FROM THE TRADES, ENGINEERING, AND HARD SCIENCES AND TECHNOLOGIES WITHOUT SUFFERING THE CONSEQUENCES…….
    SO…….. KEEP SPECULATING ON FOREIGNERS DUMBASSES!!!!!
    THE GUBBERMINT WILL BAIL YOU OUT!!!
    GET IT WHILE YOU CAN…..BEFORE YOU HANG, BECAUSE WE PLAN TO KILL YOUR “GOD”.

  2. mary in TX says:

    recession? dude, why not call it what it is?

  3. # 1 NWO Hatr says:

    F%&k that stock market bullsh#t, David… it’s all a FARCE.

    THIS is what you should be worrying about, if anything…

    http://theeconomiccollapseblog.com/archives/a-bank-with-49-trillion-dollars-in-exposure-to-derivatives-is-melting-down-right-in-front-of-our-eyes

    Valid (even if it is Snyder).

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