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Report date: 03.04.2016
Over 80% of the jobs that were added were minimum wage. More waiters and bartenders were added and manufacturing jobs were lost. Hourly wages dropped as well. Since the great recession the US has been built back up on debt, auto and student loan debt. Blackrock is suspending the issuance of gold trust shares because of physical demand. Dry Bulk has declined and we are going to see alot of companies file bankruptcies. German banks are now hoarding cash. Moody’s says no sign of a recession in the near future, they said the same thing back in 2008.
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