Sunday, December 12, 2010 – 09:00 p.m.

Economic conditions counterproductive to growth continue to emerge in opposition to what government officials keep telling all of us.

While holiday sales trend slightly ahead of a dismal 2009, interest rates continue a steady march higher. Even as the U.S. Federal Reserve Board embarks on its second so called ‘quantitative easing’ process.

A process which involves the fed buying up treasury, mortgage-backed and other securities in an effort to artificially keep interest rates down.

However market forces have grown much stronger than any monetary authority or central bank.

The rate on the 10-year U.S. Treasury Bond continued its climb on Friday hitting a rate of 3.32%.

That’s 0.91% above the 2.41% the security yielded on October 8.

Mortgage rates climbed in unison.

In addition to interest rates, food and energy prices continue their brisk climb, with retail regular unleaded gasoline prices approaching $3.50 per gallon in California.

Federal stimulus money, which provided a band-aid for local governments and school districts this year, has finally been exhausted.

Did the “talking heads” really say conditions are getting better?