from King World News
With economic conditions continuing to deteriorate, this is a terrifying statistic.
John Embry: “Eric, things certainly get more interesting by the day, although you would never know it by the action of the markets because they almost seem to be on autopilot…
[…] John Embry continues: “Last Friday’s jobs number, which shocked many mainstream observers, was one of the first that came somewhat close to reflecting reality. However, I believe it was still overstated because of the dubious nature of the birth/death calculation of new jobs and small businesses, and the requisite seasonal adjustment to further distort the truth.