Aug. 7 at 7:09 PM
$B $JNUG $SLV $GDX $GLD
Revisions for June down by 37,000, May down by 66,000. Combined -- 103,000 fewer jobs created in the months of May & June
Banking, finance & Wall Street are about to panic w/their job losses. US unemployment rate is now 4.1% & will be going higher & for the unemployment rate to reach 4.5% that would mean an additional 600K in job losses everywhere in the next 3-6 months. Over 2.1 million people have left the U.S. labor force since November
Labor force participation rate November: 62.5%
Labor force participation rate now (July): 61.4%
Everybody is mass retiring onto entitlements further powered by massive stock & housing price gains. This puts dramatically more burden on the tax base while simultaneously shrinking it at an increasing pace. It will be an eye opening time ahead
side note here. I've notice that there are more & more festivals, tours & acts cancelling your shows/tours due to the "blue dot fever". Also 2026 will see 17K in restaurant closures