1. Well they manipulated the numbers up as birth/ death additions are 206k the highest number in a year on a weakish month but that mean rather deeply minus in real terms. Hence after a battery of bad numbers that the depression is back despite the trillions spend and tax cuts extended. All the statistical growth is nothing but the hidden inflation. Obama has failed by all means and his Bankster puppets like Bernanke should quit their jobs all together with all members of Senate and Congress..
This will be the 5th down week in a row challenging important supports, we could go into a faster lane on the decline soon once we take out the April low of of 1295 which equals almost the strong support around 1300 as described in an earlier post . Again if this Solar eclipse does this to the market in one months time we will meet the ugly sister ( compared this is the pretty one). A steep correction is ahead and selling ‘strength ‘ remains our mantra.
Submitted by Tyler Durden on 06/03/2011 08:43 -0400
Take away the Birth/Death adjustment of 206,000 and the Real NFP is: -150,000. This is the biggest monthly B/D adjustment in over a year. And if as all the pundit claimed last month, demanding the McDonalds addition of 62,000 janitorial, part-time jobs be added to the May number, the economy really lost over 200,000 in May. Time to price in QE 666.
Submitted by Tyler Durden on 06/03/2011 09:02 -0400
Two charts that confirm that the US economy is, and has been for the past 3 years, in nothing short of a depression…