(Please note this post is an update to a June 8 article, Part III.)
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.
Many more such charts exist, unfortunately. I regularly discuss many troubling characteristics of our economy in my EconomicGreenfield.com blog. As well, I find many aspects of the financial markets to be problematic. These aspects are frequently discussed.
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.
Here are the charts (click on charts to enlarge images):
Housing starts (last updated 9-21-10)
The Federal Deficit (last updated 3-8-10)
Federal Net Outlays (last updated 3-8-10)
State & Local Personal Income Tax Receipts, % Change from Year Ago (last updated 7-30-10)
Total Loans and Leases of Commercial Banks, % Change from Year Ago (last updated 9-20-10)
Bank Credit – All Commercial Banks, % Change from Year Ago (last updated 9-20-10)
M1 Money Multiplier (last updated 9-16-10)
Median Duration of Unemployment (last updated 9-3-10)
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 9-3-10)
Output (last updated 8-27-10)
The S&P500 is at 1129.56 as this post is written
Disclosure: no securities mentioned