Recession Now… Or Stagflation Forever Authored by Michael Pento via PentoPort.com, The labor market is clearly weakening. But in reality, this is what needs to happen. Short-term pain is needed to reconcile the great imbalances created by decades of free money. The alternative is intractable inflation that renders the middle class into penury. The most recent ADP employment report showed job growth in August was just 99k, far below the projected 140k net new jobs that were supposed to be created. This was the smallest number of net new jobs created in over three and a half years. The… — Continue at ZeroHedge News : Read More
