Another Fantasy Jobs Report
The BLS (Biden’s Liars Squad) continues to manufacture bullshit jobs numbers to try and change his plunging poll numbers and to support the dollar which was about to collapse. It still will when the markets comb thru the BS and reverse back down to reality. This is also the last manufactured gold and silver takedown before a massive move higher. We won’t know how long the buying opportunity lasts, but I wouldn’t think very long. Since Powell gets the number before the FED meeting when it is only a day or two away, that is why he said, no cut in March. He and Biden have been in cahoots ever since they worked out an agreement back when Biden held up his reappointment and they met at the WH.
Why is Powell going on CBS’s 60 Minutes on Primetime Sunday (No Football this week) just after his meeting and presser. Didn’t he say everything that needed to be said then? I think there is going to be something about a banking crisis regarding commercial real estate or something? What are we being set up for?
If everything was fine why the need? If on the other hand they want to scare the shit out of everybody and crash the stock market by suggesting something is amiss what better way. CBDC in 2024? I don’t know but something isn’t sitting right.
Yields! yields! yields!
Every sane chartist is left scratching their heads.
Just yesterday: https://stockcharts.com/h-sc/ui?s=%24TNX&p=D&yr=0&mn=6&dy=0&id=p54865515046&a=391986110
And now look at the 10 year today.
GL