Unemployment & The Coming Recession
Once the Unemployment Rate crosses the 36 mo MA this has historically marked a period of
a coming Recession. As you can tell from the RSI indicator we entered into this phase a few months ago.
I'm posting this chart because tomorrow Biden is going to tell everyone how great the Economy is doing (wait for it), but the Unemployment Chart indicates we have officially moved into the "Recession" category and there is nothing on the horizon that says this situation is going to be improving, in fact, millions of illegal aliens now flooding into the country indicates the situation will be getting much worse. Banks will begin seizing a record number of properties in foreclosures and bankruptcies as the Unemployment Rate continues upward thanks to the plans they implemented. These periods of "Boom and Bust" are completely fabricated through the policies they implement. There is no reason why this chart shouldn't be mostly a steady line with minor hills and valleys in what would be considered a growing and healthy economy. Also note the Unemployment Rate has never returned back to it's 1972 levels following the removal of the Gold Standard in 1971 by Nixon.
a coming Recession. As you can tell from the RSI indicator we entered into this phase a few months ago.
I'm posting this chart because tomorrow Biden is going to tell everyone how great the Economy is doing (wait for it), but the Unemployment Chart indicates we have officially moved into the "Recession" category and there is nothing on the horizon that says this situation is going to be improving, in fact, millions of illegal aliens now flooding into the country indicates the situation will be getting much worse. Banks will begin seizing a record number of properties in foreclosures and bankruptcies as the Unemployment Rate continues upward thanks to the plans they implemented. These periods of "Boom and Bust" are completely fabricated through the policies they implement. There is no reason why this chart shouldn't be mostly a steady line with minor hills and valleys in what would be considered a growing and healthy economy. Also note the Unemployment Rate has never returned back to it's 1972 levels following the removal of the Gold Standard in 1971 by Nixon.
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