The chart below is all you need to know about today’s report. Non-seasonally adjusted U-6 surged from 14.3% in May to 15.1% in June. Add that in with the total lack of job creation and the second wave of the “Great” recession appears to be right over the horizon.
via Shenandoah
The proprietor of the well-respected Survival Blog, James Rawles, is not one for overstatement. So it was doubled-down unsettling when he wrote the most chilling advice we’ve seen recently, a spare and direct statement which appeared in his Economics and Investing section:
As of today, Wednesday, June 13, 2012, I strongly urge all SurvivalBlog readers to immediately draw down their checking accounts and liquidate their CDs, passbook savings accounts and most of the their stocks to buy tangibles. Continue reading
The Grey Enigma 