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Thread: another update on 'state of the economy' wager

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    Banned Melonie's Avatar
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    Default another update on 'state of the economy' wager

    even though the Member Boards area is now closed, as far as I am concerned the 'state of the economy' wager is still open !

    remember ???


    At any rate, we are now about 6 months into the wager, with official data for the 1st quarter of 2008 now becoming available. Comparing the end of November to the end of May ...

    shadowstats consumer inflation is still down (which is a + for Obama)
    shadowstats money supply growth is flat to up (which is a small - for Obama)
    shadowstats unemployment rate is up huge (which is a big - for Obama)
    shadowstats gross domestic product is down huge (which is a big - for Obama)
    shadowstats trade weighted dollar is down huge (which is a big - for Obama)

    30 year 'prime' mortgage rate is 5.32% today versus 5.0%
    average price of gasoline is $2.65 today versus $1.96
    Russell 2000 Index is 528 today versus 443
    Comex Corn Futures is 450 today versus 355
    NYBOT US Dollar Index is 78.40 today versus 85.49
    'average' 1 year CD interest rate is 2.35% today versus 3.36%
    no official update available for Big Mac prices


    see also previous February update at

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    God/dess Deogol's Avatar
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    Default Re: another update on 'state of the economy' wager

    The proletariat is not allowed there

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    Default Re: another update on 'state of the economy' wager

    I thought that an update might be in order another 6 months down the pike ...

    shadowstats consumer inflation is up big time (which is a big - for Obama)
    shadowstats money supply growth is down (which is a small + for Obama)
    shadowstats unemployment rate is up huge (which is a big - for Obama)
    shadowstats gross domestic product is down (which is a - for Obama)
    shadowstats trade weighted dollar is down (which is a - for Obama)

    30 year 'prime' mortgage rate is 5.23% today versus 5.32%
    average price of gasoline is $2.83 today versus $2.65
    Russell 2000 Index is 698 today versus 528
    Comex Corn Futures is 346 today versus 450
    NYBOT US Dollar Index is 81.08 today versus 78.40
    'average' 1 year CD interest rate is 1.44% today versus 2.35%
    no official update available for Big Mac prices

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