As we embark on QE infinity, this is how bad the situation really is…
This Can’t Be Good
March 26 (King World News) – Lizz Ann Sonders, Chief Investment Strategist at Charles Schwab: “Breakdown by age group & income level of US adults who have no emergency savings (see below).
Breakdown Of Age & Income Level Of US
Adults Who Have No Emergency Savings
King World News note: While the above chart is troubling enough, this was posted by KWN on March 20th, prior to today’s jobless claims being announced:
This warning was just sent to King World News by the Chairman of one of the largest financial companies in the United States:
We May See A Jaw-Dropping 5-10 Million Figure
In The Next Jobless Claims Report!
“GS (Goldman Sachs) predicts that the next jobless claims report will be 2.25 million. I think they’re probably way underestimating. According to Google, there are 14 million people working in the restaurant industry & 10 million in the aviation industry.
So, between just those two industries, I think it would be surprising if we don’t see 5 million jobless claims in March; indeed, 10 million would be unsurprising. So, peak fear is still some weeks off.”
We’re In For A World Of Pain
***Also Released: Steph Pomboy: WE’RE IN FOR A WORLD OF PAIN – Bursting Of The Credit Bubble Will Still Be Raining Down Upon Us, Plus This Is Why Gold Stays Bid CLICK HERE.
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