Jobless claims were released this morning by the Labor Department and they are yet another doozy.
We have now lost another 861,000 jobs from the week ending February 13th. It is of course of no surprise that the “experts” forecasted underwhelming results and shocked yet again. This is what I said they do every week in our previous update.
But to add insult to injury, the previous week ending February 6th was revised. The new numbers have been adjusted to 848,000 compared to the original report of 793,000.
And yet all of last week the markets saw new record highs each day, and new record highs were reached this current week.
The WinePress continually does these reports to remind everyone the economy is in utter meltdown and the markets are juiced to the gills with inflation, monetary injections, and debt. They have no semblance on reality. The FEDs continually have to pump it and keep zombie companies alive because they are racing to not allow a credit freeze. Plus, the expected bonus of these new record highs gives something else the mainstream media can deceive the masses with.
Stay vigilant – keep preparing.
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