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Re: The Only Chart You Need To See . . . another one! 

By: lkorrow in ROUND | Recommend this post (4)
Sat, 09 Jul 11 8:57 PM | 60 view(s)
Boardmark this board | De's Test Board 		Msg. 33838 of 45510
(This msg. is a reply to 33830 by capt_nemo)
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July 8, 2011

What's Driving Our Debt?

http://www.hyscience.com/archives/2011/07/whats_driving_o.php?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Hyscience+%28Hyscience%29

At the time of this writing, we are $14.482 trillion (and counting) in debt. And despite what Barack Obama and his fellow leftists would like you to believe, our debt is definitely NOT being driven by Defense spending:

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... HHS (Health and Human Services) is on track to go from 3 to 27 percent of total federal spending -- and skyward from there -- while the Defense Department is on track to go from 47 to 15 percent.

HHS, of course, is the department that runs Medicare and Medicaid, and which would run ObamaCare as of 2014 (when it would really go into effect) if it isn't repealed first.

Translation: The ONLY thing that's going to get our debt under control is a reduction in the size of government and a reduction of government spending that includes entitlement reform.




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The above is a reply to the following message:
The Only Chart You Need To See From Today's Wholesale Inventories: GM Channel Stuffing Goes Auto Industry-Wide
By: capt_nemo in ROUND
Sat, 09 Jul 11 8:52 AM 		Msg. 33830 of 45510

Submitted by Tyler Durden on 07/08/2011 10:24 -0400

* Gross Domestic Product
* Japan
* Wholesale Inventories

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Today we got another confirmation that the only "growth" in the economy comes courtesy of inventory stocking for that eventual day when the economy picks up and inventory can be sold at an actual profit, after wholesale inventories printed at 1.8% on expectations of 0.6%, up from 1.1% previously. We get it: economic growth now comes at the assumption that there will be economic growth in the future, thank you I in the GDP calculation. But the only chart that matters, and in keeping with our observations of pervasive channel stuffing at GM, is the following: the inventory to sales ratio for the car industry, which just surged to 1.62, or a level not seen since the summer of 2009. This is a 16.55% rise in the ratio or the biggest ever relative jump in the auto inventory/sales ratio in history. Translated: nobody is buying already built cars. But yes, keep blaming the collapse in auto "production" on Japan.

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http://www.zerohedge.com/article/only-chart-you-need-see-todays-wholesale-inventories-gm-channel-stuffing-goes-auto-industry-

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