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United States faces hyperinflation along with massive recession - the run awau prices of food, energy, softs, and metals accompanied with endless joblosses
Sam Adelton
Aug. 7, 2010

American job outlooks are bleak. The financial markets are on emergency life support systems of the Federal Reserve. The commodity prices especially food, energy, softs, and metals are ready to hyper inflate.

US labor department reported that the private sector created only 71,000 jobs in July. The unemployment held at 9.5% and jobs lost were more than 131,000.

What is devastating is that the level of underemployment went up far higher than anticipated. people are leaving the employment statistics and trying to make both ends meet with whatever they have. At the end they take underemployed jobs.

The bigger problem is the hyperinflation triggered by unusually easy monetary policies. The dollar is collapsing because of low rates, and stagnating economy. It is also losing long term values because of inflation as signaled by gold price.

Prices of food, softs, energy and metals are ready to go through the roof. That will make essential commodities for living far more costly. It is a horrible scenario for the middle class.


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