In The News Today

Posted at 11:47 AM (CST) by & filed under In The News.








Jim Sinclair’s Commentary

Mr. Williams’ commentary:

– Second-Half 2018 Economic Growth Prospects Continue to Weaken, With Tightening Systemic Liquidity and a Deepening Trade Deficit
– Annual M3 Growth Sank to a 13-Month Low in September 2018, with the Level of the Monetary Base on the Brink of Breaking to a Five-Year Low
– Unemployment Dropped to 3.7%, with Employed Jumping by 420,000, While Payroll Growth Slowed to 134,000 from an Upwardly Revised 270,000; Hurricane Distortions Likely Depressed Both the Unemployment Rate and the Jobs Gain Number, Given Bureau of Labor Statistics Definitional Inconsistencies
– September U.3 Unemployment Dropped to a Record Lower 3.68%, from 3.85%; Yet, Broader U.6 Unemployment Rose to 7.45% from 7.39%. On Top of U.6, ShadowStats-Alternate Unemployment Rose to 21.3% from 21.2%
– Intense Labor-Market Stresses Remained Consistent with Headline Unemployment Near a Record High, Not at a Record Low
– Total August Real Construction Spending, Residential and Nonresidential, Fell for the Third Straight Month; Private Spending Down, Government Spending Up

“No. 972: September Labor Numbers and Money Supply, August Trade Deficit, Construction Spending”