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Notes to myself, possibly of interest to others.
-- Bill Northlich

Thursday, March 11, 2010

A list/recap of other things to worry about, aside from GDP and Income

  • More than five million homes are behind on their mortgage.
  • There are over six million Americans who have been unemployed for at least six months, a record 40% of the ranks of the joblessness.
  • The private capital stock is growing at is slowest rate in nearly two decades.
  • Roughly 30% of manufacturing capacity is sitting idle.
  • Nearly 19 million residential housing units or about 15% of the stock is vacant.
  • One in six Americans are either unemployed or underemployed.
  • Commercial real estate values are down 30% over the past year.
  • The average American worker has seen his/her level of wealth plunge $100,000 over the last two years even with the recovery in equity markets this past year.
  • Bank credit is contracting at an unprecedented 15% annual rate so far this year as lenders sit on a record $1.3 trillion of cash.
  • Unit labour costs are down an unprecedented 4.7% over the past year

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