Jobless claims rise

Jobless claims rose unexpectedly due to snow. Yeah right, snow. They are now blaming our economic woe on snow. I mean you can't make this stuff up. Right now the so called awesome WREAKcovery is falling apart and they blame the weather, so I guess the new excuse in the summer will be a heat wave. I mean they better think up a new excuse. Get ready for more excuses in our coming summer.

Jobless rates soon over 10%

Jobless rates will soon go over 10%. This means we are still sliding; yes ever in a downward direction.

As we suffer some of the loftiest jobless rates in over 30 years, the severe mortgage meltdown is not over. Banks are still not lending money. They are in fact suffering from a declining real estate market. Until this market turns around we can see more pain.

Sharp increase in unemployment rate

A sharp increase in jobless claims means we are sliding into a severe recession and could go into a deep depression. Nothing funny about the current state of commerce. Hugh piles of containers are at the dockyards, and new car lots are full imported vehicles that are not selling. Our trade deficit may go down because people are buying a lot less MADE IN CHINA at the dollar store, and since more food is grown in the US than anywhere else, this could mean that we will see our economy improve down the line.

However, for the near view, we see more trouble as banks fail and our economy begins to implode. People using remote viewing say that the future price of gold will hit $2,000/oz.