Every picture tells a story and the above chart of unemployment is not a pretty one. It comes by courtesy of John Willaims work over at ShadowStats which we spotted earlier today on Eric Kings World News website.
John Williams just warned that the ongoing financial problems have horrendous implications for the markets and systemic stability. Williams, who founded ShadowStats, also noted that U6 unemployment levels are not being reported by the mainstream media and they are at staggering levels. Here is what Williams had to say about the situation:
“The outlook for the broad economy remains bleak, despite relatively upbeat February payroll data. Deterioration in the January trade deficit and related revisions suggest negative impact on first-quarter 2012 GDP reporting, along with increasing downside pressure on the U.S. dollar from underlying economic and political fundamentals.”
John Williams continues:
“Systemic-solvency and liquidity issues continue to plague the Fed and to restrain U.S. economic activity. Bank lending remains impaired, while household income has taken a new hit, as indicated in recent reporting. Separately, as detailed in the Hyperinflation Watch, annual and monthly growth in the broad money supply appears to be stalling, again. That likely is a further indication of mounting difficulties in the systemic-solvency crisis.
As with January, the February labor numbers involved massive seasonal adjustments...The reporting pattern in recent monthly payroll changes has been running in parallel with the trend forecast (200,000 for February, 215,000 is the trend forecast for March) generated by the Bureau of Labor Statistics’ (BLS) seasonal-adjustment model. That indicates that payroll activity is behaving as the BLS expects, but such “stability” in these unusual times is not likely to survive for long in the real world.
To read the article in full please click here and do try to make a mental note to visit Eric's site on a frequent basis, its a top site, in our very humble opinion.
Regarding www.skoptionstrading.com. We are off to a good start this year closing two trades in January, the first gave us a profit of 71.58% and the second gave us a profit of 33.97%.
It was nice to bag a couple of winners before January ended and hopefully 2012 will continue in a successful manner. We do have a number of ideas on the drawing board which we are looking to execute shortly, but only when the risk/reward environment is firmly in our favour.
Please be aware that discussions are taking place regarding an increase in the price for this service for new members. We have looked at about 100 similar services and the average cost for them is $866.00 per year. This price increase will not affect the current subscribers whose subscription will remain unchanged.
Our performance stats have now been updated as follows:
Our model portfolio is up 446.55% since inception
An annualized return of 98.38%
Average return per trade of 36.68%
96 completed trades, 88 closed at a profit
A success rate of 91.67%
Average trade open for 50.48 days
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