Just yesterday we asked if the risk-reward breakdown was signaling danger ahead? Well as timing would have it, there was a large market pullback today across the major indexes. The question moving forward of course is, is there more downside to come, or is this just a much needed “breather” in a very overbought and overextended rally, whereby the next leg up is to be realized? Well, as we know, anything is possible when you have policymakers around the world doing their best to keep asset prices elevated. Unfortunately, these governments and central banks are doing so at any cost. And these costs are going to be truly devastating to the masses. These costs will show up, and many of them are already here, with some of the most destructive being that of inflation and hyperinflation.
Further today during our discussion was the initial jobless claims number which came in at 881,000 for the week ending 29 August. For the entire month of August, initial claims totaled over 5.1 million Americans. When we take into consideration all of the unemployment benefits being paid out, over 29.2 million Americans are receiving some form of benefit. This is for the week ending 15 August, so there is a lag involved, but what is most startling, is that the week-over-week change was an additional 2.195 million Americans claiming benefits. This is clearly in the wrong direction, but consistent with our analysis of the many distortionary effects that exist within the system due to various policy programs from the government and the Federal Reserve. A fuller and more accurate picture of the jobs market will be made known once the moratoriums and other policies are lifted and/or exhausted. Tomorrow, the August jobs report will be released. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Inflation #Gold #Bailouts #Unemployment #BananaRepublic #EndTheFed #Silver #Recession #Depression #USA #Protests #Liberty #Revolution