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It’s amazing; truly amazing.
Ever since the Fed bailed out Bear Stearns and cut interest rates by “only” 75 basis points a couple of weeks ago, Wall Street’s most infamous Pollyannas have been coming out of the woodwork.
“The credit crisis is ending!” they proclaimed.
“The crash in the U.S. dollar is behind us!” they crowed.
“The great boom in oil, gold and other commodities is toast!” they declared.
Then, just last week, the truth hit Wall Street like a ton of bricks.
On Friday, the U.S. Labor Department lowered the boom — reporting that, while economists were predicting that businesses erased 15,000 jobs from their payrolls in March …
1. Employers actually slashed 80,000 jobs — the biggest number in five years and the third straight month of job losses …
2. The national unemployment rate has rocketed higher — from 4.8% to 5.1% in March — the highest since Hurricane Katrina wiped out thousands of Gulf Coast businesses in 2005 …
3. Job cuts in both January and February were far worse than previously reported. Payrolls for January and February were revised lower by a total of 67,000 jobs, and …
4. Altogether, employers have cut a whopping 232,000 jobs from their payrolls since January.
Suddenly, investors all over the world realized that Emperor Bernanke has no clothes — and that by all appearances …
The U.S. economy has NOT hit bottom: It’s actually growing weaker by the month — despite Washington’s historic money-pumping …
Heck: When the Labor Department report was released at 8:30 AM on Friday, even Larry Kudlow — CNBC’s eternally bullish analyst — began referring to the dollar as “The U.S. peso!”
Can you SEE why Dr. Weiss, Sean Brodrick and I have been telling you that the recent softness in commodity prices is nothing more than a minor, short-term correction in a massive bull market that’s likely to drive prices higher for years — or even decades?
Can you see why we’ve been urging you to not only hold onto your natural resource positions but to buy more on pull-backs?
If I’ve written this once, I’ve written it 1,000 times:
As long as global demand from three billion new consumers in China, India, throughout Asia, across Eastern Europe and in Latin America continues to soar …
As long as global supplies of these critical resources — things we can’t live without — continue to plummet …
As long as the U.S. government continues to print money like it’s going out of style; destroying the greenback’s value relative to these resources …
I’m betting my bottom dollar that this great explosion in commodities will continue to make investors richer than Midas.
Right now, we’re biding our time — waiting for a clear signal that oil, gold, manufacturing and construction materials and food commodities are about to begin exploding higher again.
It could happen tomorrow … or later on this week — and when it does, we’re set to release new recos aimed at helping you multiply your money in the next phase of this great Super-Boom.
But the ONLY way we can make sure you get those all-important recos the minute they’re issued is for you to click here … check out the details … and sign up to receive them.
Look: If any of us saw even a hint that these fundamentals — soaring demand, plunging supplies and a declining U.S. dollar — were about to change, we’d be shouting it from the rooftops.
But the fact is, these fundamentals are actually growing stronger almost by the day!
So please — do NOT miss out on these new recos — click here to make sure you’re on board now.
Best wishes,
Larry
About Money and Markets
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Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Sean Brodrick, Larry Edelson, Michael Larson, Nilus Mattive, Tony Sagami, and Jack Crooks. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include John Burke, Amber Dakar, Adam Shafer, Andrea Baumwald, Kristen Adams, Maryellen Murphy, Red Morgan, Jennifer Newman-Amos, Julie Trudeau, and Dinesh Kalera.
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