From John Williams at www.shadowstats.com :
> – April Unemployment Numbers Showed Deepening Economic Disaster
> – Unemployed Dropped by 733,000, but Employed Dropped by 73,000, and Labor Force Fell by 806,000
> – February-to-April Payroll Jobs Gains Were Bloated Heavily by Concealed and Constantly-Shifting Seasonal Adjustments
> – April Unemployment: 6.3% (U.3), 12.3% (U.6), 23.2% (ShadowStats)
> – Revised Retail Sales Growth Was Slower 2011-to-Date; Downside Corrections to Prior GDP Reporting Loom in July
> – Construction Spending Remained Stagnant
> – Year-to-Year M3 Growth Rose to 4.0% in April
You cannot keep marketing a portion of the numbers forever. Where will the investors turn to once they see the illusion? There is too much money in the system to find another home. The Titanic was deemed unsinkable the day before it sank. Keep you life vests handy because we do not know when the big money will abandon ship. The US Dollar will plummet, gold and silver will respond in the opposite direction. Our Heavenly Father only knows the details. Everyone else is simply guessing.