(Please note this post is the latest update to a series of articles, the last being on September 23)
Here are 10 charts that I find disturbing. These charts would be disturbing at any point in the economic cycle; that they depict such a tenuous situation now - 15 months after the official (as per the 9-20-10 NBER announcement) June 2009 end of the recession - is especially notable.
All of these charts are from the Federal Reserve and represent the most recently updated data. I find these charts valuable as they depict our current situation in a longer-term historical context.
Housing starts (last updated 12-16-10):
(Click to enlarge)
The Federal Deficit (last updated 10-18-10):
(Click to enlarge)
Federal Net Outlays (last updated 10-18-10):
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State & Local Personal Income Tax Receipts (% Change from Year Ago)(last updated 7-30-10):
(Click to enlarge)
Total Loans and Leases of Commercial Banks (% Change from Year Ago)(last updated 1-10-11):
(Click to enlarge)
Bank Credit – All Commercial Banks (Percent Change from Year Ago)(last updated 1-10-11):
(Click to enlarge)
M1 Money Multiplier (last updated 1-6-11):
(Click to enlarge)
Median Duration of Unemployment (last updated 1-7-11):
(Click to enlarge)
These next two charts are from the Minneapolis Federal Reserve. These charts really provide a perspective on the length and extent of this downturn.
The first depicts our unemployment situation (last updated 1-7-11):
(Click to enlarge)
This depicts output (last updated 12-22-10):
(Click to enlarge)
I will update these charts on an intermittent basis as they deserve close monitoring.
The S&P500 is at 1283.76 as this post is written.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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