Yet another week of the jobless claims staying at a steady pace of termination. The Labor Department announced that another 745,000 jobless claims were filed.
Even though these abysmal numbers that are released each week, which are greater than the worst week of the Great Recession, the mainstream media financial “experts” continually downplay this. Even the stock market got a bit of a boost today. As I write this, the markets are down and investors are selling off currently due to some statements by Federal Reserve President Jerome Powell. But each week the markets continue to remain high, and many days are breaking record highs.
The WinePress has noted this in other reports, but the more bad news we get, and the more debt is created out of thin air, the markets will rise.
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