Monday, June 22, 2009

Transportation and Unemployment numbers tell what's
is really happening to the economy


Trucks & Rail Traffic very SCARY

















Freight down until 2010
Jun 2, 2009 2:17 PM, By Sean Kilcarr, senior editor


Truckers larger and small will need to keep their belts tightened into the early part of next year before they can expect to see freight volumes start increasing, according to the latest industry analysis compiled by FTR Associates.
In a conference call with reporters last week, FTR analysts noted that for freight to start recovering, it must "reach a bottom first" and they predicted the bottom will be reached in the third to fourth quarter of this year. That will lead to a recovery in freight volume to begin sometime in the first quarter of 2010. ( learn more at )


Jobless Claims Released

on 6/18/2009 8:30:00 AM


HighlightsUnemployment claims are showing tangible but not dramatic improvement in the jobs market. First-time jobless claims, at 608,000 in the June 13 week, were in line with most expectations, up 3,000 from the prior week which was revised 4,000 higher to 605,000. But the four-week average fell 7,000 to 615,750 for its lowest level since the beginning of the year. A mid-month to mid-month comparison with May, which is useful to gauge change in the household survey of the monthly employment report, shows a 28,000 improvement in the week and a 14,000 improvement in the four-week average.
But one week's data is not a month of data, making for a very limited initial response though demand for Treasuries is slipping with demand for oil and other commodities on the rise. The results may give the stock market a slight lift and they are certain to spark fresh talk of green shoots.
Market Consensus Before AnnouncementInitial jobless claims fell 24,000 in the June 6 week to 601,000. The improvement was clearly evident in the four-week average which fell 10,500 to 621,750 -- its lowest level since February. However, while job losses are slowing, the number of unemployed rose further in the latest week. Continuing claims for the May 30 week rose 59,000 to 6.816 million, another record high.
It looks as if the government, wall street, big banking and the media are all full of sh*t. Telling us everything is OK don't worry, I am telling you friends that there is a storm coming and you better start talking to you neighbors, start getting involved and take action locally and blame governmentally. Get prepared for what is coming. Remember the real story, the fed continues to create money out of thin air to bail out wall street so that wall street can invest and profit from the deaths of American soilders and peoples around the world to further the rich and the U.S. governments EMPIRE building overseas and to have the average American pay THEIR debts to private OVERSEAS bankers.

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