CPI jumps 5% in May of 2021, fastest since 2008

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Private employers add fewer than forecast jobs in July in US , yr over yr growth moves to slowest growth in three years. Job changers are getting a half percent less pay increase. Morgan Stanley expects 2600 Gold Oct - Dec.. December gold futures hovering around 2499 past two days. Civilian unemployment rate , seasonally adjusted still over 4 percent. Could easily start closing in on 5 before Fed gets more than two 1/4 pont cuts in.Weekly jobless claims move to 11 month high.
 
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Unemployment 4.3 percent .Fed doesnt cut now it could be two to four qtrs of negative next yr. Thing is are they doing it on purpose ? We will find out shortly. Anyway unemployment goes to 5 before fed ever cuts 1.0 is looking most likely. It doesnt take much to put a gdp into negative when it is only 2. looking like 2650 gold for Christmas. Futures for Dec broke 2519 last night.
 
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J.Deere lays off 600 factory workers in Iowa and Ill from 3 plants . Planning to move ops to mexico. GM lays off 1K salaried software employees . ExxonMobil announces Texas layoffs. Bleeding is starting , Id be expecting 4 1/2 percent unemployment before election. After election , w/ any dem victories more moves to mexico as dems plan tax increases for more social welfare debt, Inflation still 3 percent according to gov, isnt getting any lower w/ a money supply as large as current unless complete economic collapse are more numbers manipulation. Dems will be actual campaigning on more inflation , more giveaways, more govt debt and are fifty / fifty winning w/ it
 
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Aug Philly Fed survey for Mnfg has number of employees doWn 6 percent , workweek down 2.3 percent , Fed aug mnfg NY survey has number of employees down 7 percent work week down 18 percent . Unemployment currently 4.3 percent .Bureau labor expected to revise down job numbers , estimates are as low as 360K and as high as 1 million . Goldman Sachs Wells Fargo expects 600K or 50k per month and JP Morgan Chase 360K , with Goldman saying it could be as high as 1 million according to bloomberg.
 
Todays truth ministry declare inflation 3.2 percent. Get out there and save the economy ( until New Years)with some Christmas gift spending at brick and mortar stores.
 
Household debt at new record , inflation going up for Holidays.Happy Thanksgiving RPFs ~ !
 
Avg household debt over 100k now , avg credit card debt over 6500 at nearly 27 1/2 percent interest
 
US home prices on rise in Sept. Inflation on rise . Fed cuts 1/4 pt once more and fed govt must cut after to get more interest rate cuts
 
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Inflation really taking off again now , producers price index cmes in about a 1/2 point over expectations
 
Remember the five dollar foot-long at subway? And that was without a coupon.

Last month's coupon: "Get a footlong for $6.99"
This month's coupon: "Get a footlong for $7.99"

Last month's coupon: "Get a six inch for $3.99"
This month's coupon: "Get a six inch for $4.99"
 
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