Saturday, July 10, 2010


clipped from

As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report. After reading these it almost makes sense that the market has become completely desensitized to the sad reality now pervasive in this country. Readers are encouraged to add their own observations to this list.
Surely if the list is doubled, the market will go up to 72,000 instead
of just 36,000.


#50) In 2010 the U.S. government is projected to issue almost as much
new debt as
the rest of the governments of the world combined

#49) It is being projected that the U.S. government will have a
budget deficit of
approximately 1.6 trillion dollars
 in 2010.

#1) According
to the Tax Foundation’s Microsimulation Model
, to erase the 2010
U.S. budget deficit, the U.S. Congress would have to multiply each tax
rate by 2.4.