We have massive unemployment in the USA, and yet stocks are up. The earnings that are reported are coming from dumping employees. Consumer demand may be the same, but consumer buying power, and confidence are at an all time low. Real unemployment ranges from 20% to 30% depending on where you are.
Here in Florida we see 20% to 25% unemployment. I don't see how any company can be booming with these numbers. This is really evident as Goodwill becomes the new Wal-Mart.
I buy silver and gold at Honest Gold Guy of Sarasota. I see people selling gold and silver for extra cash. This lack of jobs has people liquidating many of their possessions to meet daily expenses.
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