Well, the June 2012 jobs numbers are out and they are terrible, as expected. There were on;y 80,000 new jobs created. May was revised upwards to 77,000 from the initial 69,000. Overall, the unemployment rate is steady at 8.2%.
The numbers are starting to reinforce the a pattern that will become statistically significant. The implications being that the employment picture has never really improved in a significant way for 4 years, but it may actually be worsening. One of the key components that unemployment has not and does not capture are the under employed and the stagnant wages, relative to inflation. This is the unreported story.
What this data is pointing to is that jobs are not getting better, wages are not maintaining pace with inflation. We are starting to see signs consumers are reducing their spending which is causing some price deflation. At some point in time, soon, we will likely hit that tipping point where the markets finally see the problem.
What this means to your self directed IRA
We are seeing a storm developing that is made up up more money printing, flat to down consumers spending, and potentially hyperinflation. The hyperinflation will likely manifest itself when all of the money starts finding its way into the hands of the consumers and businesses. This is a sign for investing your self directed IRA in precious metals and real estate.
So, check your self directed IRA portfolio and determine if you are properly invested.
The information provided is for educational purposes only and are not a solicitation or offering of an investment, investment advice, or tax advice. You should consult with your tax, legal or financial advisor to determine the suitability of any investments made with a self directed IRA account.