posted on Mar, 29 2009 @ 01:08 AM
So this is what I'm thinking:
Quarter-end financial reports: Bleak Q408, Q109, Q209 reports will drag down the markets. Consumers who were saving 1.7% in 2008 are putting
cash in the bank, loss of confidence is not filling up corporate piggy banks.
PersonalSavings
GDP 4Q08 -6.3%
Unemployment: Jan09 - 7.6%, Feb09 - 8.1%, Mar09 - 8.5% -- Government forecast is 10% end of 2009 and 12% mid 2010. See trend on
bls.gov
Residential Real Estate: Values are down 40% from last year, meaning lots of underwater properties and accellerating foreclosures, especially
in
California. We're not done turning bank assets toxic.
Commercial Real Estate: Closures of chains (Mervyns, Circuit City, etc), factories and layoffs mean empty buildings. More toxic assets on bank
books. This is coming in 2009-2010.
PropertyWire
Baltic Dry Index: A measure of shipping costs of goods and raw materials remains low. Containerships sitting idle have hit a historic high of
453 ships sitting idle in March 2009. Factories and retail are not gearing up for 2009. Or 2010.
BDI
Zero'd
[edit on 29-3-2009 by Dbriefed]