US unemployment rate rises to 9.8% with just 39,000 US jobs created, rampant commodity inflation hiking long bond yields
Peter Oberois
Dec. 5, 2010

The economic stagnation with super fast commodity inflation especially is food and energy is a major problem that Federal Reserve do not know how to handle.

US unemployment rate rises to 9.8% with just 39,000 US jobs created. At the same time, rampant commodity inflation is hiking long bond yields.

Gold is making new highs. Silver is skyrocketing. Food is in hyperinflation mode and energy is getting to blast off to the upside.

The US’s non-farm payroll jobs numbers fell well short of expectations, with just 39,000 US jobs created in November. The stock market rallied in US but that was because market expected Federal Reserve to ignore inflation front and lower the rates.

Interestingly the long bond is in a bear market making new lows and the rates steadily pushing higher following the inflation expectations.

US unemployment rate rises to 9.8% with just 39,000 US jobs created, rampant commodity inflation hiking long bond yields
Peter Oberois
The economic stagnation with super fast commodity inflation especially is food and energy is a major problem that Federal Reserve do not know how to handle.
READ MORE>>

EU and IMF agree to bailout Ireland
Special Correspondent
Ireland has reached an agreement in principle with the European Union and International Monetary Fund (IMF) for an emergency loan to support the country's banking sector, Irish Prime Minister Brian Cowen said.
READ MORE>>

The new Basel III global bank regulations will make top US banks short of $125 billion
Sam Adelton
The financial meltdown may accelerate and a second US bank bailout may be in the cards since US banks already losing money will be short $100bn and $150bn in equity capital after the new Basel III global bank regulations are imposed.
READ MORE>>

Ireland after Greece - the real calamity of 2012, the great fall of the Western civilization has started
Tania Horal
Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece confirming the belief that western style capitalistic economies have run their days.
READ MORE>>

US Consumer spending up, factory orders up as U.S. recovery strengthens
Peter Oberois
The economic strength from 13 trillion stimulus is gaining momentum as so is inflation as gold looks towards $1500 an ounce.
READ MORE>>

Japan will deploy military forces in an island off Okinawa sparking military tension between Asia's two largest economies
Sonia Menolsa
Japan’s Coast Guard yesterday warned two Chinese fishery patrol ships not to enter the nation’s territorial waters after spotting them near one of the disputed islands.
READ MORE>>

Sinopec, China's largest oil refiner, suspends diesel exports
Special Correspondent
he shortages are blamed on a government conservation campaign and hoarding by state oil companies.
READ MORE>>

MORE ARTICLES >>