by Steve St. Angelo
SRSRocco Report
The stock markets surged today on news that the U.S. unemployment rate “SURPRISINGLY” fell to 13.3% in May, down from 14.7% in April. Somehow, with most of the country still on lockdown in May, there were 2.5 million Americans added to the payrolls along with 345,000 new businesses that were formed.
Then, of course, we had President Trump praising, The “V-shaped” recovery that was now taking place in the U.S. Economy. I find this quite hilarious when the U.S. Public debt increased by another cool $830 billion in May alone. Furthermore, if we add that amount to the $1,234 billion added in April, it comes out to be a TAD BIT more than $2 trillion in just the past two months. So, if this is a “V-shaped” recovery, it took one hell of a lot of debt to keep it from heading straight into a depression.