The new first time jobless claims were released this morning, and the Labor Department reports another 787,000 jobless claims. This is slightly down from last week.

Even though these numbers are worse than the worst week of the Great Recession, and which numbers have been consistant week-to-week, the stock market seems to not care. It again is posed for more record highs and gains, even after the chaos at the Capital yesterday, more businesses laying off employees and closing its doors; Wall Street is unfazed.

Why is it unfazed? Because, as The WinePress have been reporting since the beginning, the FED’s are inflating it, buying up the debt and bonds, and the top multi-millionaire and billionaire investors, and multinational corporations, dominate the markets because the little guy continues to get pinched everyday.

The stock market has no bearing on reality. Period. We are in an economic freefall.


The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.

CLICK TO DONATE

Leave a Comment

×