Sell Apple, Buy Gold and Ammo

23 Aug

Why are all the “experts” surprised when economic data comes in at “unexpectedly” worse levels than the experts expected…

…after posting several weeks in a row of “beats”, claims has finally resumed “missing”, as well as rising, posting an increase from last week’s upward revised 368K print to 372K this week, worse than the expected improvement to 365K, and to a one month high. And with continuing claims missing too, the real story continues to be the steep fall off in those on extended benefits and EUC, which declined by a total of 48K in the past week, and down by about half a million in the last few months, and lower by 1.3 million in the past year. This is 1.3 million fewer consumers who can recycle Uncle Sam’s dole back into the economy and iGadgets.

With a Socialist in the White House and Communists at the EU, this should really be no surprise – unless the “experts” are really just useful idiots…

But lets talk about abortion instead…

 

Zero Hedge/HuffPo

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