{"id":1421,"date":"2011-10-19T22:04:45","date_gmt":"2011-10-20T02:04:45","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1421"},"modified":"2011-10-19T22:04:45","modified_gmt":"2011-10-20T02:04:45","slug":"tough-day-for-our-calamity-economy-zerohedge","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/","title":{"rendered":"Tough Day For Our Calamity Economy | ZeroHedge"},"content":{"rendered":"<p>In other parts of the economy, early warning signs are also flashing. Capital One, one of the largest credit card issuers in the US, reported that 30-day delinquencies were rising\u2014consumers are getting strung out again. Two days ago, the Empire State Manufacturing index came in at -8.5, in negative territory for the fifth straight month. On a very dark note, its future general business conditions sub-index, which measures expectations, fell to its lowest level since February 2009, the depth of the financial crisis. International business travel has fallen off a cliff at the end of August. And ominously, inbound port traffic is down, probably due to declining expectations for holiday sales.<\/p>\n<p>via <a href=\"http:\/\/www.zerohedge.com\/contributed\/tough-day-our-calamity-economy?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Tough Day For Our Calamity Economy | ZeroHedge<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In other parts of the economy, early warning signs are also flashing. Capital One, one of the largest credit card issuers in the US, reported that 30-day delinquencies were rising\u2014consumers are getting strung out again. Two days ago, the Empire State Manufacturing index came in at -8.5, in negative territory for the fifth straight month. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tough Day For Our Calamity Economy | ZeroHedge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[872,1795,1862,2206],"class_list":["post-1421","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-credit-card-delinquencies","tag-inbound-port-traffic","tag-international-business-travel","tag-manufacturing-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tough Day For Our Calamity Economy | ZeroHedge - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tough Day For Our Calamity Economy | ZeroHedge - the patient investor\" \/>\n<meta property=\"og:description\" content=\"In other parts of the economy, early warning signs are also flashing. Capital One, one of the largest credit card issuers in the US, reported that 30-day delinquencies were rising\u2014consumers are getting strung out again. Two days ago, the Empire State Manufacturing index came in at -8.5, in negative territory for the fifth straight month. &hellip; Continue reading &quot;Tough Day For Our Calamity Economy | ZeroHedge&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-20T02:04:45+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Tough Day For Our Calamity Economy | ZeroHedge\",\"datePublished\":\"2011-10-20T02:04:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/\"},\"wordCount\":126,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Credit Card Delinquencies\",\"inbound port traffic\",\"international business travel\",\"manufacturing index\"],\"articleSection\":[\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/\",\"name\":\"Tough Day For Our Calamity Economy | ZeroHedge - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-10-20T02:04:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tough Day For Our Calamity Economy | ZeroHedge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Capital One, one of the largest credit card issuers in the US, reported that 30-day delinquencies were rising\u2014consumers are getting strung out again. Two days ago, the Empire State Manufacturing index came in at -8.5, in negative territory for the fifth straight month. &hellip; Continue reading \"Tough Day For Our Calamity Economy | ZeroHedge\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2011-10-20T02:04:45+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Tough Day For Our Calamity Economy | ZeroHedge","datePublished":"2011-10-20T02:04:45+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/"},"wordCount":126,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["Credit Card Delinquencies","inbound port traffic","international business travel","manufacturing index"],"articleSection":["US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/","name":"Tough Day For Our Calamity Economy | ZeroHedge - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2011-10-20T02:04:45+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/tough-day-for-our-calamity-economy-zerohedge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Tough Day For Our Calamity Economy | ZeroHedge"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-mV","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":18720,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/17\/trump-this-is-going-to-hurt-me-more-than-it-hurts-you\/","url_meta":{"origin":1421,"position":0},"title":"Trump: This is going to hurt me more than it hurts you","author":"Colin Twiggs","date":"August 17, 2019","format":false,"excerpt":"The chart below depicts container traffic at the Port of Los Angeles, the largest volume US container port. Loaded inbound containers (blue), measured in twenty foot units or TEUs, have far exceeded loaded outbound units (red) for a number of years. What is noteworthy is that the ratio of loaded\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6831,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/01\/number-for-the-month-is-178171\/","url_meta":{"origin":1421,"position":1},"title":"Number for the month is 178,171","author":"Colin Twiggs","date":"March 1, 2013","format":false,"excerpt":"The number of containers (TEUs) that arrived loaded but were returned empty from the Port of Los Angeles during January 2013 is 178171*. That is 53 percent of all inbound containers are returned empty. As I have said before, those containers are not really empty: Shippers attempt to fill containers\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42078,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/05\/17\/strong-retail-sales-and-improving-consumer-outlook\/","url_meta":{"origin":1421,"position":2},"title":"Strong retail sales and improving consumer outlook","author":"Colin Twiggs","date":"May 17, 2023","format":false,"excerpt":"Strong real retail sales in the US, with inflation-adjusted monthly sales holding above the pre-pandemic trend (dotted line). Household finances are improving, with the NY Fed Survey showing an April decline to 30.5% in respondents who considered that they were \"somewhat worse off\" than a year ago, compared to 38.6%\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Real Retail & Food Services Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":21754,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/10\/03\/us-job-recovery-slows\/","url_meta":{"origin":1421,"position":3},"title":"US: Job recovery slows","author":"Colin Twiggs","date":"October 3, 2020","format":false,"excerpt":"Estimated hours worked are down 5.56% in September, compared to September 2019. GDP growth is likely to track a similar path. Jim Stock's Weekly Economic Index comes in slightly higher, at 4.62%, but doesn't seem to take account of government transfers outside the State Unemployment schemes. More than half of\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3897,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/21\/container-shipping-trade-balance\/","url_meta":{"origin":1421,"position":4},"title":"Container shipping: trade balance","author":"Colin Twiggs","date":"March 21, 2012","format":false,"excerpt":"The percentage of containers shipped empty from the Port of Los Angeles was 43.8% (or 1.1 million twenty-foot units) for the 8 months ending February 2012. Incoming containers received empty were a mere 3.6%. The net 40.2% of incoming containers returned empty to their port of destination reflects the trade\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61460,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/04\/02\/trumps-sweeping-new-tariffs-threaten-a-bear-market\/","url_meta":{"origin":1421,"position":5},"title":"Trump&#8217;s sweeping new tariffs threaten a bear market","author":"Colin Twiggs","date":"April 2, 2025","format":false,"excerpt":"Summary Markets await Donald Trump's announcement of sweeping new tariffs on global trading partners at 4 pm ET. We maintain our bearish outlook, with the S&P 500, Dow Jones Industrial Average, and Russell 2000 in a primary downtrend. Declining 10-year Treasury yields warn of a recession. Inflation swaps are also\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"US Major Trading Partners","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-04-01-us-trade.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-04-01-us-trade.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-04-01-us-trade.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1421"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1421\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}