US Bankruptcies Soar 48% In May, Most Since Financial Crisis
Trump triumphantly announced the results of the latest jobs report, which in a China-esque manner, managed to ADD 2.5 million jobs against an expected loss of 8 million jobs. Something went horribly awry, and no sooner had the Trump tweetstorm of self-congratulation been launched, the BLS announced a ‘misclassification error’ has juiced the results.
The hits keep coming, and as the global shutdown rolls into June, the world’s largest economy is starting to reveal a serious problem in the all-important field of bankruptcies. Read more…………..
Chart Of The Day
Dr. Marc Faber of the #GloomBoomandDoomReport finds it odd, although simultaneously one of the more attractive investing opportunities most have ever seen. Dr. Faber also comments on the current Fed policy, how it’s impacting the world, and how this will all play out.