A little more information

The two main activities in my life: Helping the hungry in the late hours of the night and helping guitar players sound better one amp at a time.

I always try to remember that in order to do good one has to take action and actually do something.

I was born and raised in Los Angeles. I have watched the city and Southern California change for well over half a century.

I can be found on facebook at www.facebook.com/mylesr or on twitter at www.twitter.com/myles111us or on my own Guitar Amplifier Blueprinting website at www.mylesrose.com

Los Angeles Architectural History

Los Angeles Architectural History
1935 Art Deco at some of its finest: No. 168 - Griffith Observatory- (click on the photo for information)

Thursday, August 23, 2012

The American Economy. A Turnaround?

I have written many pieces on the economy in this blog.  One of my past pieces even found it's way into the Speaker of the House's blog.

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I have spoken about the government and my observation on the ineffective way they have addressed problems in our nation.  I have pointed out issues with both parties.

There has been a big push to the issues of Medicare.  Perhaps the Republicans no longer wish to point a spotlight on the economy. You can talk about some issues from either side.  You can assert that the current administration was handed a disaster while others assert it was all the fault of the current administration.  I will do my best to avoid retreading old ground.

In the past I have posted a financial model which has now been running for over 500 days.  Rather than focus on Wall Street in reference to the Dow, S&P or NASDAQ, my model uses a mix of stocks, bonds, mutual funds, ETFs and Gold.  I feel it is a more diverse picture of the economy.

If you look at the chart below, yesterday on August 22, 2012 our nation crossed the high line for the first time since April 29,2011.  Things look to be improving.

The employment situation is still dismal.  There are millions who are no longer counted in the unemployed figures.  They are the 99ers.  Their benefits have expired and they have dropped off the roles of those counted.  But, the numbers of new claims are decreasing.  We still may be much like an airplane headed toward the ground but our rate of decent is slowing.  Perhaps it is slowing enough that the Republican Party is worried.  Perhaps this is why Medicare is being addressed rather than the economy.

Rather than debate these issues, just take a look at the chart on the financial picture and the chart from the current employment figures and take it or leave it.  Draw your own conclusions.

Click on the above image for a more clear image
Look at the total for last year versus this year in the last line

Click on the image for a more clear picture
511 days of up and down
Only time will tell if this is an ongoing trend or just .....???