CPI jumps 5% in May of 2021, fastest since 2008

[ClaytonB]

[oyarde]

Private employers add fewer than forecast jobs in July in US , yr over yr growth moves to slowest growth in three years. Job changers are getting a half percent less pay increase. Morgan Stanley expects 2600 Gold Oct - Dec.. December gold futures hovering around 2499 past two days. Civilian unemployment rate , seasonally adjusted still over 4 percent. Could easily start closing in on 5 before Fed gets more than two 1/4 pont cuts in.Weekly jobless claims move to 11 month high.

[oyarde]

Unemployment 4.3 percent .Fed doesnt cut now it could be two to four qtrs of negative next yr. Thing is are they doing it on purpose ? We will find out shortly. Anyway unemployment goes to 5 before fed ever cuts 1.0 is looking most likely. It doesnt take much to put a gdp into negative when it is only 2. looking like 2650 gold for Christmas. Futures for Dec broke 2519 last night.

[oyarde]

J.Deere lays off 600 factory workers in Iowa and Ill from 3 plants . Planning to move ops to mexico. GM lays off 1K salaried software employees . ExxonMobil announces Texas layoffs. Bleeding is starting , Id be expecting 4 1/2 percent unemployment before election. After election , w/ any dem victories more moves to mexico as dems plan tax increases for more social welfare debt, Inflation still 3 percent according to gov, isnt getting any lower w/ a money supply as large as current unless complete economic collapse are more numbers manipulation. Dems will be actual campaigning on more inflation , more giveaways, more govt debt and are fifty / fifty winning w/ it

[oyarde]

Aug Philly Fed survey for Mnfg has number of employees doWn 6 percent , workweek down 2.3 percent , Fed aug mnfg NY survey has number of employees down 7 percent work week down 18 percent . Unemployment currently 4.3 percent .Bureau labor expected to revise down job numbers , estimates are as low as 360K and as high as 1 million . Goldman Sachs Wells Fargo expects 600K or 50k per month and JP Morgan Chase 360K , with Goldman saying it could be as high as 1 million according to bloomberg.

[oyarde]

Jobs in yr prior to March 2024 revised down 819K

[ClaytonB]

[ClaytonB]

[acptulsa]

https://x.com/WallStreetSilv/status/1829707646540112338

[Pauls' Revere]

[oyarde]

Todays truth ministry declare inflation 3.2 percent. Get out there and save the economy ( until New Years)with some Christmas gift spending at brick and mortar stores.