Preppers Cookbook
Preps and Solutions
(Sponsored Ads)
US Deception
Bulletproof Home Defense
top Prepper Web Sites
Recently Posted Articles and Videos
The Daily Sheeple
SGT Report
Ready Nutrition - Homesteading and Preparedness
Featured Destinations
The Liberty Mill
Web Destinations
  • * Ready Nutrition *
  • * The Organic Prepper *
  • 321Gold
  • Activist Post
  • All American Gold
  • Alt Market
  • American Preppers Network
  • Amerisafe Neighbor Network
  • Ammo For Sale
  • Apartment Prepper
  • Armageddon Online
  • Backdoor Survival
  • Bearish News
  • Beer Budget Survival
  • Berkey Guy Blog
  • Beyond Collapse
  • Black Listed News
  • Blue Collar Prepper
  • Calculated Risk
  • Chris Martenson
  • Code Green Prep
  • Collapse Medicine
  • Collapse Net
  • Countdown to Collapse
  • Daily Crux
  • Deadline Live
  • Doc Medina – Soapbox
  • Don't Tread on Me
  • Doom & Bloom Survival Medicine
  • Doomsday Prepping
  • Education After the Collapse
  • Enemies Foreign & Domestic
  • Eric Peters Politics
  • Family Survival Plan
  • FloJak
  • Fraudonomics
  • From the Blind
  • From the Trenches
  • Full Spectrum Dominance
  • Government Is a Joke
  • Homestead Revival
  • International Forecaster
  • Jack Blood
  • Jeff Rense
  • Joe For America
  • King World News
  • Lew Rockwell
  • Liberty Blitzkrieg
  • Liberty Mill
  • Market Ticker
  • Max Velocity Tactical
  • Mish – Economic Trends
  • Modern Survival Online
  • Occupy Corporatism
  • Off Grid Survival
  • Oracle Broadcasting
  • Outdoors Native
  • Patriot Net Daily
  • Peak Prosperity
  • Pioneer Living
  • Preparedness Review
  • Prepography
  • Prepper Central
  • Prepper Dashboard
  • Prepper For The Worst
  • Prepper Trader
  • Prepper Website
  • Prepping Blogs
  • Prepping for Hard Times
  • Prepping to Survive
  • Project Chesapeake
  • Rawles Survival Blog
  • SGT Report
  • Sherrie Questions All
  • SHTF America
  • SHTF School
  • SHTF Wiki
  • Skeptical Survivalist
  • Sound Money Campaign
  • Sovereign Man
  • Steve Quayle’s World
  • Sticker Armory
  • Story Leak
  • Survival and Prosperity
  • Survival Blogs
  • Survival Life
  • Survival Logic
  • Survival Magazine
  • Survival Pulse
  • Survival Spot
  • Survival Week
  • Survivalist Boards
  • Survivopedia
  • Tactical Intelligence
  • The Burning Platform
  • The Prepared Ninja
  • The Prepper Journal
  • The Prepper Project
  • The Silver Bear Cafe
  • The Survival Mom
  • The Warning Signs
  • TheSurvivalistBlog.net
  • Truth Is Treason
  • Underground Medic
  • United American Freedom Foundation
  • Urban Survival Site
  • Value Investing Pro
  • What Really Happened?
  • Wood Pile Report
  • Yoga Sacramento
  • Zero Hedge

  • Clarocet for Kids
     

    Denninger on Retail Sales and Unemployment

    Mac Slavo
    July 9th, 2009
    SHTFplan.com
    Comments (2)
    Read by 27 people

    Karl Denninger of Market Ticker takes a not so green shoots view of the current retail sales and unemployment numbers.

    Denninger on Retail Sales

    Here’s a reality check – consumer credit capacity has hit the wall.

    I noted this over a year ago, and started yelling about it.  The shift of consumer spending to credit cards – the highest-interest means of financing payment – became apparent in the consumer credit report about that time.

    This marked the final desperate attempt to keep spending beyond our means by the average American sheeple, and it was doomed to failure.

    Now the failure is evident in consumer spending numbers across the board – including at bargain outlets like COSTCO.

    Walmart stopped reporting their numbers.  Gee, do you have to wonder why?  They’ve got one of the best internal systems in existence for tracking who’s spending and how much on what.  In the months leading up to their cessation of reporting the shift to “necessary” items (e.g. food) was obvious in their reports.

    Its against the law to lie, but nobody says you have to report this at all, so Walmart took the “easy way out” and simply stopped talking, rather than expose the truth where people could see it.

    Denninger on Unemployment

    Rick Santelli threw the appropriate amount of cold water on this report, given that continuing claims are now up to 6.88 million – up more than 170,000 over estimates!

    As I have repeatedly said, continuing claims are what count – it is not whether you lose your job, it is whether you can find a new one.  If the answer is no, the continuing claims number will continue to ramp even though the “initial claims” number comes down.

    The answer is “no” to the question of “if you get laid off, can you find a new job.”

    Don’t listen to the fools – there is no “green shoot” in that report.

    Read full article…

    Please Spread The Word And Share This Post
        name:     email:        details

    Author: Mac Slavo
    Views: Read by 27 people
    Date: July 9th, 2009
    Website: www.SHTFplan.com

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

     

    2 Comments...

    Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
    1. Denninger is solid.

      Rate This Comment: Thumb up 0 Thumb down 0

    2. Mac Slavo says:

      Yeah, the guy definitely knows his stuff. He made a great call last September by watching the liquidity numbers. You can backtrack to a post of his on his website to Sept 24, 2008, where he called out the Fed about the banking collapse and suggested they were trying to make it happen. The very next day, we say the final turning point in stock markets and subsequent collapse into November. If Denninger rings the alarm, pay attention!

      Rate This Comment: Thumb up 0 Thumb down 0

     
    SHTF Plan - RSS Feed - Preparedness News, Commentary, Resources
    There's an 84% chance you won't remember where you read our unique information. Don't be another statistic.
    email 
    details
    Flojak Hand Water Pump
    Survival Food
    Bulletproof Home Defense
    Auto Survival Kit
    Survival Life
    Food Storage
    Advertisement
    Community Discussion - User Comments
    Patriot Dawn

    Web Design and Content Copyright 2007 - 2013 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    Supercharged Intel Xeon5620 on an 8-Core Dedicated Storm Server Powered By Liquid Web

    Dedicated IP Address: 67.43.5.170

    The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.