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Monday, August 02, 2010

ISM falling

ISM manufacturing index is falling now. Fact is new orders fell sharply in june. The decline will continue in july due to our poor economy. I forecast more woe in aug.

The current slow down cause by more regulations and paper work will dump some sand into the gritty gears our main economic engine. It could crush any chance of an economic recovery. Real unemployment is rising. It is closing in on great depression numbers now.

CarlosX sees in his time jump journal a rise in crime. This is due to lack of jobs and people having no money. Expect things to get worse.