Unemployment claims, fall in payrolls will point to accelerating deterioration in job market while hyperinflation in borrowed stimulus driven commodities
Sam Adelton
Nov. 1, 2009

The picture is clear. It is a failure of fiscal policies that was an entension of failed Bush policies. The job market went no where, while oil went to $80 a barrel, gold, $1050 an ounce.

Employers in the U.S. kept cutting jobs in October and the commodity inflation and external indicators of manufactiring picked up, pointing to a false notion of economic recovery. It is called the stealth depression of 2008-2020.

Payrolls fell by 180,000 workers last month, deepening the worst employment slump since the 1930s, according to the market expectations ahead of a Nov. 6 Labor Department report. A purchasing managers’ report will show factories expanded at the fastest pace since 2006. Most importantly, the data will point to the fact that the borrowed stimulus money has just contributed to the commdity inflation adding more distress to those who are losing jobs and unemployment benefits.

Rising joblessness, underemployment and waning government assistance raise the risk that consumer spending will slip again, holding back the expansion. Home sales have climbed in recent months, propelled in part by an $8,000 tax credit for first-time buyers that’s set to expire at the end of this month.

Is that the way to govern? How long can a nation survive on life support mechanisms? How long can a nation suvive on borrowed funds?

Unemployment claims, fall in payrolls will point to accelerating deterioration in job market while hyperinflation in borrowed stimulus driven commodities
Sam Adelton
The picture is clear. It is a failure of fiscal policies that was an entension of failed Bush policies. The job market went no where, while oil went to $80 a barrel, gold, $1050 an ounce.
READ MORE>>

U.S. Stocks sharply down over declining consumer spending
Sam Adelton
Spending by U.S. consumers fell in September for the first time in five months. It is the firsdt sign of the trillion dollar stimulus effect getting exhausted.
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Oil rises to $80 a barrel as US economy finds temporary growth from trillions of borrowed stimulus money - a long term nightmare looms as commodity inflation spikes with little job growth
Peter Oberois
The job growth in the US economy is dismal. The most of the borrowed stimulus money is wasted in creating commodity inflation and bailing out failure in big corporate and banking governance.
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A confirmation of global depression - Japanese auto products nose dives to 34-year low - export market crashed to a 50% down
Kirsten Rabke
The news just confirms the global depression although its is stealth because of coordinated Government propaganda all around the world.
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NJ payment of $1 million to Goldman Sachs for bogus interest- rate swap agreement is a Repuplican cheap stunt before election but who will prosecute criminally negligent oversight and Goldman Sach's fraudulent behavior?
Special Correspondent
No wonder Goldnman Sachs can give billions in bonuses to their employees in this time of economic depression. No wonder NJ State is busy wating tax payers money to the corrupt wealthy that controls the power base.
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Economy on life support - 225000 Americans losing their unemployment benefits every month - exploding underemployment
Joe Weinman
The exponential growth in underemployment is alarming. The trend that started in 1981 is exploding now creating devastating effects on the economy.
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