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Jobs Report Is Already A Disaster!!! June Payrolls Much Higher Than Expected; Underemployment Rate Soars To 14.3%; Gold Is Getting Shredded!!! U.S. 10 Year Yield Skyrocketing!!!
InvestmentWatch So much for any doubts about a September taper: with the street expecting a 165K NFP number for June, the actual print of 195K following an upward revised May print of 195K as well, means the Fed’s September flow fade, aka Taper, is now virtually assured. On the other side, the Household Survey printed a 160K increase in jobs. The Unemployment Rate stayed at 7.6% despite expectations of a drop to 7.5%, although the real action was in the underemployment rate which exploded from 13.8% to 14.3%. The Civilian Labor Force rose once again, printing at 63.5% with the labor force rising from 155,658 to 155,835.
Approaching the End Game: “A Domestic Hyperinflationary Environment Should Evolve… Before the End of Next Year”
That the US economy is in turmoil and the dollar’s world reserve status is under unprecedented threat is a given.
What’s not clear is where the machinations of government and global banking cartels will lead, and when.
But we know the breaking point is coming.
According to Shadow Stats founder John Williams, who has taken a unique approach to analyzing fundamental economic data well beyond official government statistics, we will soon begin to see the fruits of the monetary and financial games taking place behind the scenes.
Unfortunately, the end result is not going to be recovery. Far from it. As Williams notes in his latest report, what we should expect is continued degradation throughout this year and into 2014, at which point a hyperinflationary environment will take hold.
We’re Beginning to Approach the End Game. Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system.
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