Sunday, February 17, 2008
Another ominous sign in a season full of ominous signs: the US Department of Commerce will shut down their website, www.economicindicators.gov, effective March 01, 2008.
This is the central clearing house that economists and commodities futures traders rely on for various crucial reports, such as Advance Monthly Sales for Retail and Food Services, Gross Domestic Product, New Residential Construction; stuff like that.
Apparently, the coming depression is going to be so massive, nobody will give a crap about any of this stuff anyway.
In related news, Mike Whitney has this report on Fed Chair Bernake's recent sitdown with Congress, engagingly titled, Bernanke's State of the Economy Speech: "You are all Dead Ducks."
It doesn't look good, Gentle Readers.
Critical Update: U.S. Credit Markets Collapsing!