Wednesday, April 28, 2010

49 Of 50 States Worse Economic Growth Ever


49 out of 50 U.S. states are still showing less economic activity than a year ago, based on February 2010 coincident economic indicators from the Federal Reserve of Philadelphia. The chart below is organized from top to bottom, from the most growth in economic activity to the largest declines in economic activity.
States like West Virginia (WV), Maryland (MD), Idaho (ID), and Wyoming (WY) are the worst off year over year. Their February 2010 economic activity remained 13.5%, 6.3%, 6.3%, and 6.2% lower year over year. Thus their economies, along with those of another 45 states, all the red ones, are all underwater on an annual basis.
North Dakota (ND) is the only state to currently have a higher level of economic activity year over year. Its February 2010 economic activity was 1.1% higher than February 2009, as shown by the green dot in the chart below.
Moreover, 28 out of 50 states even exhibited less economic activity in February 2010 than just three months earlier (not directly shown below). This means they have been deteriorating most recently as well.
In fact, the chart below is organized from left to right by the change in economic activity in the last three months (February 2010 vs. November 2009).
chart of the day, chart of the da, economic activity for states 2009-2010

More Here..

20 comments:

  1. Hey, look at North Dakota!! They must be growin' plenty of GMO crops with Monsanto seeds. Good for them.

    ReplyDelete
  2. How can there be so much evidence of things being bad and all I see on the news lately is the happy times are here again?

    Why would the news be lying?

    ReplyDelete
  3. ot

    In the future, 15-25 years from now, the human species will have gone two separate directions. The elite will use eugenics and advanced tech to take themselves to the next level.

    "We" won't be so fortunate. We will be ravaged by the viruses and poisons they turn loose on use and in our weakened state will be humbled servants.

    They are not happy about inconveniences like normal lifespans and illnesses. They have access to technology that they have hoarded that we could only imagine in a comic book.

    As they advance, we will be treated more like pets than people. A sub-race.

    Those who are young now; good luck.

    ReplyDelete
  4. The elite care about the average person about as much as we care about the chickens at KFC.

    ReplyDelete
  5. Lately, since acquiring some chickens, I've become a whole lot more concerned with how birds at KFC are treated.

    A bit late, tho.

    :)

    ReplyDelete
  6. CHUCKLES THE CLOWNApril 29, 2010 at 1:30 AM

    Chuckles the clown say "CLUCK CLUCK"

    I live in Iowa and we have it pretty good here in my corner of the state, life goes on as normal, lotz of building, eating and drinking and just good old down home being merry!

    LOL

    ReplyDelete
  7. Chuckles according to the graph you're a complete LIAR. Its good because you work for the government and provide misinformation and lies to blogs. That way the gov't can keep the perpetual lie going..IT DOESN'T WORK HERE..

    ReplyDelete
  8. I am the elite.. i am young. but i am brilliant. 9:43 unfairly only describes one scenario.. i will describe multiple that go along the line of him..

    I am wealthy.. I dont expect other to do for me. If there be a day that they wont i guess im screwed.. but truth is, i for the most part use the same resources on our every day to day life. Its this atitude of independence that has or is going global. And its perfectly normal.. But what i see is an elite, but very smart, and well meaning people who do take over(this is hitler without technology, just guns and force.) but its not like anyone would be out to get u.. it your life, your choices. most people wont let u go hungry... in any country. they will have the technology and the information for being able to rule out every medical cause of death other than freak accidents. You will be able to live litterally as long as u want as long as u eat healthy and safe, exercise properly. organ transplants every 50-70years. much like a car.. It was this great segment on NPR.. if i could find i a link i would, but i dont remember.. it was in the past 2 months. things might get ugly, but if ur smart u will be able to move right before shit hits fan.. i personally will relocate within a year. South america here i come and im gonna travel wisely and have a f*king blast. Im not wealthy in money. im wealthy in brains and knowlege.. ill be called up to work for the 'system' then also work my way up the system once i get in.. eh.. part of this is just my free flow ideas so please forgive me for just expressing myself here. I dont think much bad will happen.. I talk to lots of financial experts that sit at the exchanges. I am an active day trader and i make great money by watching the mrkt everyday and trading wisely.

    The market itself is self eating.. Sadly.. I dont think the time has come for total collapse. But, i dont see a bright future... With or without unemployed ppl. even if the economy gets back on its feet, which i personally believe it is as of right now..There are some major obstacles we need to get over, and once we do, what next ravage the forest, oil wells, oceans, land, water ect.. the pollution.. we will get over all these problems.. its just amatter of how long and how many more problems are created.

    War... Humans are the only creature that kills its own so savagely.. forget other animals.. i hope things change. but i expect a 'capatalist/consuming' or eat be eaten by the large forces and weak consumer protections. I see a potential boom for entrepreneurs as people are mad as hell at corporations. But entrepreneurs need to put forth a good product to be taken seriously. The uSdollar is the worlds reserve currency and that give the fed reserve(private entity) unussual borrowing powers in part because of its ability to print money/be the world reserve curreny. We can sit back and argue everything under the sun of whats right and whats wrong, but ultimately we need to be living much more 'local lives' while thinking globally. Consuming locally.. is it wise if u sittin down for a while in a location to get excess food/water/filter, guns ammo sitting around in working condition and knowledge of use. (go shoot the guns for practice and meditation(if u into tht kinda thing) or spend more time getting involved with buddihsm and wake spirtually. Get off the dope, drugs, booze, addictions. Coffee is okay. :) look for quality people and u will find them. If u cant find quality people and qualtiy things in life then your messed in the head and i am sorry for you.. I will fill your stomach any day.. i do care..

    Sincerely,
    TXF

    ReplyDelete
  9. also, movies like gattica and i robot aeon flux, and a few others i ment to mentions in above post as scenarios for future worlds. The Bicentenial man with robbin williams is probably the best example of what i envision in the future.

    ReplyDelete
  10. 10:30 is full of shit.

    He has attached an emotional charge to his comment that has an irritated tone. With an irritated tone that tends to boast of itself as being contrary to the common crowd it means generally that he is deliberately trying to irritate people.

    He's a juvenile in other words.

    It would be no different than people who would be concerned about a sick celebrity and everyone would be commenting get well messages, he would show up with a message like this, "Haha! I always hated him anyways, he should die!"


    And 9:26, if you're serious:

    The news would show things as being normal or happy because one, the reporters only get an official story which they have no right to analyze or be critical of. This in turn means the people who give the official story are selected from many other professionals in a certain field who would send in their opinion or facts but be selectively chosen to fit the preference of the people who well, decide on what is to be reported.

    They would lie deliberately to keep people calm or distracted so those in power can finish their agenda. If they aren't lying they would be wrong because the information they display is given by idiot brained analysts, who probably have many rivals on the outside that would then take to alternative media outlets to give their opinion, hence the stuff you see on sites like this (some of it is rubbish of course and other things could be worse).

    Only bits and pieces of information regarding how bad things are would be shown by the news. This means you get to see fragments of what is occurring somewhere, for example a club, they would show a clip where everyone was happy, dancing, and drunk and merry but if you actually were there it would probably be dull, boring, and lame.

    The media will create apathy in viewers by showing a bad statistic, then showing the opposite like a hero or a happy story. As everything continues to deteriorate people wouldn't know the difference because they too have been pulled down and deteriorated with it (Morally, intellectually, and socially).

    The most insane people right now are those who think things are normal. They have become living dead so to speak.

    ReplyDelete
  11. Quit feeding the trolls and they will migrate over to the MSM forums where their intelligent is a better fit. I should say troll, since 90% of the troll posts are from one desperate and very lonely person.

    ReplyDelete
  12. Let's kill the states and give the Fed bankers even more power:

    Starting in 2014, the IRS will have another task: making sure all Americans have health insurance. Under the law, Americans who can afford health insurance but refuse to buy it will face a fine of up to $695 or 2.5% of their income, whichever is higher.

    ReplyDelete
  13. North Dakota has there own internal banking system. They do NOT borrow from the Federal Reserve therefore unlike every other State they've figured out the scam. It has been so for decades there now. Talk amongst yourselfs.

    ReplyDelete
  14. 9:26 There is a general consensus that if you lie to the public they will keep buying and not run on the banks or pull their money out of retirement accounts. It is an effort to keep the economy going. The main stream media participates with the Feds in this effort... including Fox news. All it does is buy time for the Feds to gain control of more businesses and entities to control and maintain power during the collapse. We are less likely to break completely apart if they will let us keep our house even if we cannot pay, they give us health care, and protect us with Martial Law.

    ReplyDelete
  15. I am the elite. In fact, I'm so elite, I'm the only one. Ooooh I am the only one! La la la la I am the only one!

    HEH

    God bless all you pretty little flower children.

    We will now all drop our pants and procreate.

    ReplyDelete
  16. 603
    right except
    they give us healthcare in fema camps
    and protect themselves with martial law

    ReplyDelete
  17. aso at the bottom w v lol
    and ny at the top because just like 1930s ny gets bailed out with wallstreet
    this is so by design
    926 its not lyeing
    its called control over the sheeple
    its up to you
    on the titanc the first life boats went out half empty many more could have bben saved
    but didnt use there gut feeling
    same here
    cnbc kudlow for years have been saying free market capitolism
    except hows a china man with no dep epa
    building the same protects dumping politans
    into a river
    in america we have to follow laws
    the goverment ha help destroy the earth threw free trade
    and now plans to tax us on it
    its crimminal treason
    but the sheeple love there masters
    you sow what you reap
    prepare and wave to the sheeple as they
    build there tower of babloyn

    ReplyDelete
  18. 2:44 The IRS will not exist as it does today in 2014. It will still be around, but only in part. It's function will be switched to monitor states and force them to pay protection money through a new tax. Remember, even when everything collapses the Fed's still have thousands of major weapon systems, hardware on the ground, in space and there will always be troops that take their orders from Washington. The IRS will have no need to come after the little people in 2014 because they will have nothing to come for.

    ReplyDelete
  19. 4:02 AM is correct. North Dakota is the only state with its own bank and that's the most likely reason it's still doing okay.

    The rest of the states are tanking because the average American is underwater, so state revenue is falling. There are only two ways to deal with that: cut spending or raise taxes--or both. Rest assured we will get screwed no matter what.

    As for Federal income, that's tanking too. If the Feds won't tax the very rich or the big corporations, they'll be coming to the rest of us. That's why they're talking about a VAT (value added tax)--and that tax only affects the middle and lower classes who spend all their money to survive. What? You expected the uber wealthy to actually pay their way?

    ReplyDelete
  20. An unavoidable depression is coming that will destroy what's left of the economy in the "home of the brave,land of the free"
    The real estate bubble has burst, the stock market bubble has burst, the discretionary spending bubble has burst.
    The world's once greatest creditor nation is now the world's greatest creditor nation.( You cannot help but think what The Founding Fathers would say if they saw what America has become. Hedonistic, shallow, naive, obese, self obsessed, self entitled and greedy to name but a few. The words "shame" and "disgust" come to mind.)

    Government debt is now at $15 trillion, possibly higher, and with a tax base of only $2 trillion and that's falling as jobs go, there is no way that this debt can be paid back. Then there is that wonderful institution The Federal Reserve. Well it's been printing money like crazy in an attempt to stimulate the economy and that's lead to an over supply of money and that in turn will lead to hyper-inflation.

    When the dollar bubble busts(remember when the mighty geenback was the world's most respected currency?) and the govt debt bubble bursts it's "Good-night Nurse" for the good ole USA and what's more it will take the rest of the world down with it.

    And when it's all over America will wonder how it fell so fast. A weathy, capable, supreme superpower at the end of WW2 to a bankrupt 3rd world economy in less than 70 years. Histories shortest lived empire? China, with the worlds biggest cash reserves will be in a position to buy what it likes at bargain bottom prices.In time China will rule all of Asia and the Pacific including Australia in order to have access to that countries vast mineral deposits.

    The ancient empires like China and India are on the rise again and this time around they will not surrender power so easily.

    So what to do when the depression comes. When interest rates reach 10% you'll know it's coming.Real estate will crash, then the stock market, banks and businesses will go to the wall, unemployment will soar and the dollar will be virtually worthless against other currencies. Gold will be the best investment and will remain so for decades. Psychologically America will be shattered. American's have been led to believe that this is the best, the smartest country on earth. Many Americans believe that they have a covenant with God, so he wouldn't allow this to happen to them. But happen it will. Erode or remove the foundations from a building and it will collapse.

    Will there be anachy or will people pull together and help each other. Would you kill your neighbour for food so you kids could survive? Will there be civil war as fear and disbelief tutn into anger and rage at the societies leaders who have lead America into this mess? Who can say? When it comes America will show it's true face. Savage barbarians or gentle Christians?

    Given how much is wrong with America's economy the coming depression will be much worse than the last. A much larger population, a much more ethnic and divided population. Huge decaying cities that even now are struggling to cope.Suicide and crime rates will go ballistic and a new "ism" will come into being and it won't be "capitalism' or "communism". The tough and the resourceful will survive. The children that are born and raised during this long depression will be lean, tough, hard, adaptable and capable and will in no way resemble the soft and pampered generations that preceded them.In fact they will look upon those generations with total scorn.

    ReplyDelete

Everyone is encouraged to participate with civilized comments.