Layoffs, Unemployment Increasing, Recession Signals Flashing | Morning Brief

Layoffs, Unemployment Increasing, Recession Signals Flashing | Morning Brief with Ric Bender - Unemployment rate has moved above its 36-month moving average - The last 10 times it ended in a recession. Watch for more Recession signals flashing.
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Unemployment rate has moved above its 36-month MA The last 10 times it ended in a recession
'The Great Rebalancing' has only just started. The National Bank of #Poland has reiterated that it will continue buying #gold until it makes up at least 20% of its reserves. Currently, the weight of gold equals 14.7%. To be clear, the average gold reserve of central banks is roughly 13%, only just above its historical lows. Imagine what will happen when central banks around the globe start raising their gold reserves, which, I believe, is only a matter of time.
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#ricbender #economy #economiccrisis #morningbrief

[@Ricbender]

Thanks for watching. Please share your thoughts.

[@armandoreyes2750]

There has been what, 6 major banks that have failed. That's not including the ones that haven't been reported. There is NO way that all of those losses can just be brushed aside. The dollar is worthless.

[@jayneweaver8695]

Just found you, EXCELLENT analysis, thank you for sharing your sources and all of your experiences Ric, appreciated!

[@Ricbender]

So glad you're here. Thanks for sharing.

[@WrYSVrZrtr]

At least I can't get fired since I don't have a job.

[@Ricbender]

Some good news I guess. Thanks for sharing.

[@chrisferretti7020]

I hate to see what will happen when the Fed lowers interest rates.

[@armandoreyes2750]

@@chrisferretti7020 the dollar is just being propped up long enough to keep everyone in control until they can roll something new out.

[@Ricbender]

In combo with more money creation. This will be fun...

[@kirkpalmer1709]

@@armandoreyes2750 That's what WW3 will be for...the excuse to roll out the new system.

[@jimsmith8324]

The market might sell off for a week immediately following the rate cut move. But then, I expect a rally, led by biotechs which need lower rates.

[@bourbonlover7158]

I heard even nurses are getting fired now. 😥

[@ToddKirst]

I heard the exact same thing. That is one Job Sector that I would have never thought would be impacted by Layoffs. It's brutal out there!

[@Ricbender]

True. I was running some research on the sector yesterday. Thanks for sharing.

[@Ricbender]

True. Thanks for sharing.

[@bourbonlover7158]

@@ToddKirst Yes and it wasn't too long ago that I thought if you had a job in tech you were set up for life!

[@Newlinjim]

@@bourbonlover7158no,that’d be government.

[@armandoreyes2750]

It's more than 4.3%. That nunbers are fake. Job Loses Falling GDP = Depression

[@Ricbender]

Thanks for sharing.

[@armandoreyes2750]

@@Ricbender Honest Question here. What about the job losses that aren't being reported? How high could that be? For example, Truck Drivers that have been forced to shut down.

[@Ricbender]

@@armandoreyes2750 I'm actually trying to get more facts on this. The numbers I have come up with at this point are insane.

[@armandoreyes2750]

@@Ricbender I believe it.

[@rjh2772]

Never trust the numbers coming from this administration

[@ophidiaparaclete]

No one has the balls to call this a recession

[@Ricbender]

We called last week. But the Government won't call it until November.

[@armandoreyes2750]

@@ophidiaparaclete I agree. It's to protect this administration.

[@tobyk5149]

… yet.

[@JoesIceCreamCone]

I’m a technology consultant and I can say we are definitely in a recession, at least for a year.

[@daisyd.4808]

Ric as usual.. love your content! Almost everyone I talk to is either laid off, getting laid off, or booted out by the company. We are in an unemployment crisis for sure!

[@Ricbender]

Thank you for watching and sharing.

[@tomlim1598]

Why is first time unemployment benefits claims remain low?

[@Ricbender]

Initial jobless claims are up - here is official document: Need to read to the middle of the document -- The number of people claiming unemployment benefits in the US fell by 2,000 from the previous week to 231,000 on the period ending August 24th, in line with market expectations of 232,000. Despite this decrease, the figure remained well above the averages seen earlier this year, reinforcing the ongoing trend of a softening labor market, as highlighted by the July jobs report and the significant downward revision to nonfarm payrolls for the year ending in March and more than likely this is inaccurate as with most initial reports need revisions.

[@stevemelton4388]

Buffet sells and retail investors buying…. who’s making the best move

[@Ricbender]

Sell into strength... Thanks for sharing.

[@kevinmorris3649]

this is the U.S.', were gonna skip the recession and go right to depression - go big or go home!

[@Ricbender]

Thanks for sharing.

[@georgeruble]

When they started giving away one million dollars on a game show I knew we were in trouble.

[@Ricbender]

Great point. Thanks for sharing.

[@rjh2772]

WEF is part of the beast system, but no worries. The king of Kings will soon be on the throne and He will rule in righteousness.

[@Ricbender]

He is on throne... Amen. Thanks for sharing.

[@rjh2772]

@@Ricbender On the throne when you arrives to his millennial kingdom at the time of his second coming rule there Jerusalem