Let’s start with unemployment data…
Initial claims done last week by 5k, from 462k to 457k. And the four week MA is down 14k. the punch line is the fact that the Fed Emergency benefits, which is what people claim when the start money runs out continues to grow.
EUC overall grew by 265k – No Jobs no recovery!

U-6 puts unemployment at least to 17.2% - NO JOBS NO RECOVERY!

Service Sector ISM back into Contraction


Unfortunately, the data speaks for itself.
The good news is the Goldman Sachs will be paying 21 billion on bonuses. Wait, how can they bonus 21 billion to employees while only paying 700 million in dividends to share holders? Things that make you go hhmm.
Here is a great idea!!!
Lets throw some more American blood and treasure into the AF-PAK War!
Yeah, that is it. Didn't WWII end the depression?
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