Dec. 3 at 3:44 PM
$GLD $JNUG $SLV $GDX $B
The big print via QE/ZIRP will be wild come 2026 & watch the spending leading into the midterms. 2026 fiscal deficit will likely be
$3 to
$3.5 trillion.
❌"Millions of Americans are defaulting on loans," per Newsweek ❌
The wealth of the top 1% of Americans has reached a record
$52 trillion dollars‼️, according to the Federal Reserve.
- Small biz (<50 FTEs): –120K. Mom & Pops getting decimated. This is a solid 1/3 of the private sector employment.
- Construction and Mfg: –27K (cyclical sectors with high employment multipliers)
- High-paying white-collar jobs (IT, finance, business services): –55K
- Losses were partially offset by strong seasonal hiring in logistics and leisure (+14K) which will likely reverse after Jan, and in health/education (+33K) which is largely driven by increased govt spending (ie not a very productive sector)
