Economic Sugar High Fading Fast - Revised Aug 24

A recent raft of indicators support the view that the sugar-high from massive stimulus (sovereign printing, borrowing) programs has begun to fade rapidly and that the U.S. economy along with many others is re-entering a nose-dive.
Today the Federal Reserve Bank of Philadelphia released a humdinger. The following chart says it all:

Of course, there are many other indicators from various sources, like the following:

So, hold onto your hats, we're going for a heck of a ride! Oh, and get ready for more sugar coming from Tim and Ben.

New: Existing-home sales plunge 27.2% - Released August 24th, 2010