Monday, April 08, 2013 – Cat Food Futures Soar on Chained CPI

The Wealth Protection Conference was a bundle of fun. The whole thing was recorded on 9 CDs. You can order the CD recordings (or MP3 recordings are less expensive). Call Resource Consultants at 800-494-4149. Cat Food Futures Soar on Chained CPI by Sinclair Noe DOW + 48 = 14,613SPX + 9 = 1563NAS + 18 = 322210 YR YLD + .04 = 1.79%OIL +.82 = 93.52GOLD – 9.60 = 1573.70SILV – .05 = 27.40 The S&P 500 fell 1 percent last week as US payrolls had the smallest gain in nine months in March. The economy added 88,000 jobs in March, even though prior month job gains were revised higher; the unemployment rate dipped to 7.6%, mainly because more people left the labor market and are no longer counted for one reason or another. The idea is that some people just retire, or other people just can’t find a job, so they drop out of the workforce. One reason that so many people are just dropping out of the workforce now is the shortening of the period of extended unemployment benefits. As long as people are receiving unemployment insurance they have to be looking for work. When their period of eligibility ends, most people just drop out of the labor force. The period of extended benefits was shortened in most states at the end of 2012. As a result, many people went from being classified as unemployed (no job, but looking for work) to being out of the labor force …