Jim Sinclair’s Commentary

Mr. Williams shares the following with us.

- Expectations Shift Towards Recession
- September Payrolls Gained Just 83,000, Net of August Revisions;
Annual Payroll Growth Dropped Below 2.0%, to a 15-Month Low
- September Labor Force Plunged by 350,000, with the
September Unemployment Rate on the Cusp of Rounding Lower by 0.1%
- Yet, Headline Monthly Labor Data Remained Almost Worthless
- September 2015 Unemployment: 5.1% (U.3), 10.0% (U.6), 22.9% (ShadowStats)
- Construction Spending Gain Mostly Reflected Downside Revisions
- Latest Money Supply M3 and Monetary Base Took Unusually Large Hits

“No. 756: September Labor Conditions, Money Supply M3, August Construction Spending ”
Web-page: http://www.shadowstats.com