The People-Snowed-In Index Is At Its Lowest Level In A Decade

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Friday, February 24, 2012 The People-Snowed-In Index Is At Its Lowest Level In A Decade The US economy has been blessed with an unseasonably warm winter, highlighted by very few snow storms. In fact, according to statistics compiled by the Labor Department and reported by Bank of America Merrill Lynch, this has been the least disruptive winter for workers in a decade. During December and January, 167k people were snowed in, which compares to 533k in the same period a year ago. "Warm weather and an absence of severe snow storms helps boost construction, retail sales and general economic activity," wrote Ethan Harris, North American Economist for Bank of America Merrill Lynch. Unfortunately, this economic stimulus from the gods is fleeting.  In fact, Harris warns that the economy has been supported by a combination of three things that all appear to be fading: foreclosure delays, warm weather, and low gas prices. Read » Above is the table from BofA's latest Global Economic Weekly report. Also On Money Game Today: REVEALED: The Truth About Ronald Reagan's Economic Growth Miracle To Start An Online Store In Greece, You Have To Do Something Pretty Gross The Outlook For Corporate Profits Is Getting Worse, Yet Stocks Continue To Surge Thousands Of French Towns Are Asking For Bailouts After Discovering Toxic Assets Advertisement CHART OF THE DAY: A Major Warning Sign From Small-Cap Stocks CHART OF THE DAY: Doug Kass Says This Divergence Is A Big 'Warning Sign' CHART OF THE DAY: The Rosy Assumptions Behind The Entire Greek Bailout Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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