Tag: frontlines

Recovery Chronicles: Tales From the Modern Food Line

Filed in BP, frontline, Gold, GOld juniors, inflation, Lear, o, Quantitative Easing by on February 4, 2011 0 Comments
Recovery Chronicles: Tales From the Modern Food Line

Here’s one from the recovery chronicles: food stamp usage is up 14% from last year. Today, the Supplemental Nutrition Assistance Program (SNAP) serves about one in seven Americans. Of these, about half are children USDA officials say. From the Wall Street Journal by Sara Murray entitled: Some 43 Million Use Food Stamps “Nearly a year and a half into the economic recovery, some 43.6 million Americans continued to rely on food stamps in November. More than 14% of the population drew food stamps in November to purchase groceries as high unemployment and muted wage growth crimped budgets. The number of recipients was up 0.9% from October, according to the new report by the U.S. Department of Agriculture. Compared to a year ago, the number of people receiving food stamps was up 14.2%. In both Washington, D.C. and Mississippi more than a fifth of residents received food stamps — the highest recipiency rates of any state. But demand has grown stronger in the past year in a handful of other states that recorded significant increases on a per capita basis. In New Mexico, 19.4% of the population tapped into food stamps. That’s up 3.2 percentage points from the same month a year ago, the largest increase for any state. Idaho reported a similar jump: 14% of residents received food stamps, up 3.1 points from a year ago. Washington, D.C., Florida, Delaware and Texas all experienced similar year over year increases.” For comparison sakes here’s how the food stamp roles have grown

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Trouble in Retail: Three Charts from the Frontlines

Filed in best buy, BP, Debt, frontline, Gold, GOld juniors, o, recession, silver by on January 6, 2011 0 Comments
Trouble in Retail: Three Charts from the Frontlines

Here’s one for the bears…. December retail sales came in on the soft side this morning as the all important Christmas numbers failed to meet analysts’ expectations. In all, 52% of the big retailers fell short as they posted only a 3.2% increase overall vs expectations of a 3.5% rise. November,as it turns out, was stronger than December. Despite the miss, that is actually an improvement over the last two years when same store sales fell 2.5% in December 2009 and dropped 0.7% in December 2008. Of course, this is one the bulls are more than happy to blame on the snow. It’s the rationalization du jour. However, these three charts from a slice of Americana would seem to point to something else. Just another sign that the bulls may be getting ahead of themselves. Related Articles: Best Buy Sales Stink, Stank, Stunk Black Friday Madness The American Illusion Consumer’s Revolt, Shun the Chains of Debt The Middle Class Recession To learn more about Wealth Daily click here Advertisement I Just Witnessed the Impossible Not far from the U.S. Capitol, a tiny $0.62 tech firm unlocked the secret to harnessing solar energy — at ANY time, from ANY window! It’s so efficient and affordable that CNBC is calling it energy’s “Silver Bullet.” Before the first big ticket contract comes, through— doubling the share price — click here for your exclusive video footage. Trouble in Retail: Three Charts from the Frontlines originally appeared in Wealth Daily . Wealth Daily

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