The Jobs Charts Show A Hurricane Forming Over The US

A massive economic storm is coming to this country. The sunny skies of the post WW2 boom have darkened. The growth producing business cycle that periodically sent the economy into recession has stalled and morphed into the largest dome top reversal pattern ever recorded with charts.

There are lots of data series that show this reversal formation, but nothing brings it home like the jobs chart. The storm actually began to collect energy in the early 1980's when Wall Street and Corporate America acquired the technology necessary to ship our manufacturing base overseas and automate everything that wasn't tied down. Now that the middle class has been thoroughly decimated our consumer oriented economy can't grow anymore because most of the consumers are broke and in debt.

The recovery bounce that trillions of dollars of government debt bought is ending. Strap on your helmets because the next wave down is going to be unlike anything we've ever experienced before.

And now for the charts...