Zeev's Turnips Patch-No Politics (ZEEV)

[fois gras]

There are several FACTS yankee--if you could open your eyes to read..
Heres one--



Although a number of economic stats have been coming in “better than expected” over the last three to four months, we need to remember that on a year over year rate of change basis, average hourly earnings rest at a multi-decade low. Consumers are not enjoying wage growth in helping to offset higher costs at the pump. Additionally, looking at the recent GDP numbers, stripping out inventory accumulation we see that real final sales (US domestic aggregate demand) grew less than 1%. A year ago that number was 4%. We’ve already headed into 2012 with slowing domestic consumer demand. And what happens now that gasoline prices have risen? As a final point of perspective, regardless of how near term central bank money printing follies impact commodity prices, oil is heading directly into its strongest seasonal calendar period for price strength.