Tag Archives: Unemployment

QE3: Get Ready For Hyperinflation!

Here’s a recipe for disaster: “…the Fed will keep injecting money into the economy until growth picks up and unemployment starts dropping significantly.” QE1 and QE2 didn’t work, so now we need QE3. You would think that they’d learn, but remember, these are the same people that didn’t see the 2008 Recession coming and said that everything was fine. Until it wasn’t fine. Not to mention, can you point to anyone, besides bankers, that was actually helped by QE1 or 2? Me neither. [From QE3: Reactions to the Fed’s big stimulus move – ] On Thursday, the Federal Reserve announced yet … Continue reading

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The Next One Will Be The Big One « Jim Sinclair’s Mineset

Haven’t covered too much about the economy lately; I hit on the economy so much last year that I want to make sure that we cover other things as well. However, it’s important to realize that the economy is still highly unstable.  This means that, at any time, the markets can turn upside down and crash, or fall, or any number of things that will cause an “unsettled period of time.”  Like, recessions, depressions, collapse of the dollar, things like that.  Remember, we still haven’t recovered from the last recession, though some say that we’re still in it and some … Continue reading

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Wait, the U.S. economy actually lost 1.2 million jobs in July?

This is the sort of thing I was talking about in a previous post. The jobs data is skewed to look better than it is because we don’t want any investors to get spooked and crash the markets. As preppers, we need to be able to dig through the fluff and find the truth. In this case, despite the rosy spin, the jobs data still isn’t looking all that good. And as we’ve covered in a past podcast, if there aren’t more jobs being created, the economy can’t improve much, if any. [From Wait, the U.S. economy actually lost 1.2 … Continue reading

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Unemployment Increases to 8.3% in July 2012

Another indicator that the economy is still weak and faltering.  No matter what people are saying, rising unemployment is a bad sign. U.S. Adds 163,000 Jobs In July; Unemployment Rate Rises To 8.3% All of the news articles on this are suggesting that the news is good, because the forecast was only for 100,000 jobs added and there were actually 163,000 jobs created.  Keep in mind that all of this economic news is not for your consumption, it’s for Wall-Streeters and investors not the average person.  Market news is for the market, which is why you often see the markets … Continue reading

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Even Worse Than Expected

The jobless claims are worse than expected. Below, I listed some of the companies that I could find that announced lay offs, but that was only a very small part of the overall picture. Things are much worse. New unemployment claims highest in 26 years – MSNBC – “The Labor Department reported Thursday that initial applications for jobless benefits in the week ending Dec. 6 rose to a seasonally adjusted 573,000 from an upwardly revised figure of 515,000 in the previous week.” November’s unemployment figure was 533,000.  So far for December, we’re well above that. – Rob

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Unemployment to Increase Dramatically with Retail Closings

Retail stores are the end result of a long line of commerce. Those items you buy at the mall aren’t made locally. Raw materials are formed into base product, which is shipped to factories to be be fabricated into parts, which are shipped to a final assembly plant. Not every product takes this path, but you get the idea. Every time you buy a pair of shoes, you keep a lot of people in a job. When people spend less money, the retail shops can’t stay open because they’re not making enough money. Not only do the people who are … Continue reading

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