Sometimes it feels like we’re caught in a bad zombie movie. No matter what we do, the undead keep standing back up and lurching toward us.

Look, the U.S. economy is not dead. But it’s not healthy either. So the Fed keeps shooting it full of crack that brings a quick high, then fails.

But eventually those highs don’t go as high or last as long. And like all good zombie movies, the survivors eventually succeed in getting the dead to stay dead.

Personally, I want the movie to end, because frankly I’m getting tired of it. My popcorn is stale and my soda is down to just ice.

The good news is, the bad news seems to be picking up steam. Finally. That’s a sign that we’re nearing the end. Just like in the movies, the really bad things seem to happen just before the tables turn….

And the latest bad thing to happen is…

… the Non-Farm Payroll Employment Report!

[WI-Gold-$750-Banner-Collapse-of-Gold]

On July 6 the Bureau of Labor Statistics (BLS) released the numbers and they were horrible… 80,000 jobs created on expectations of over 100,000 jobs… in an economy that needs 125,000 to150,000 jobs each month just to keep up with the growing labor force.

Then the employment news got worse. The birth/death adjustment, where the government “guesses” at how many jobs small businesses create, showed a gain of 124,000.

The thing is, the Bureau had already added that number to reach the 80,000 jobs gain. That means the real number of jobs the BLS actually counted was -44,000.

Now, if the BLS had reported the true figure of -44,000 instead of its guessed-at 80,000, there would have been blood in the streets!

That’s OK. We know the truth because we watch the employment reports. And the truth is things are bad, and getting worse.

But we need it. We need the process of shedding the bad stuff so we can get down to the good parts of our economy and begin moving forward. Just like when you eat bad fish, your body needs to flush all the nastiness out before you feel better. When your body can’t get rid of the toxins, you die… and become a dead man walking.

The more we hang on to the notion that things will get better if we only wait a little longer, or if we only create a little more money, or if we maybe just have one more “save-the-broke-homeowner” program, the deeper in trouble we become.

The problem is, while we have been trying this program Rome has been burning. We are on the fourth year of $1 trillion-plus deficits. Home Prices are off by over 30% and have flat-lined. Food prices are up. Wages depressed. And yes, we still have millions of unemployed.

It’s Time… Be Prepared

Our economy is flagging. Tax rates hang in the balance as the December 31st deadline looms over our heads. Elections present us with two candidates, neither of whom can solve the crisis we face. The euro zone disintegrates more every day.

Any one of these problems by itself is difficult. But altogether?

Mark my words. We’re getting close. The great crash is coming.

And if you’ve been following our recommendations, you’ll be well prepared to weather the effects of the crack-head detox or bad-tuna flush (whatever you want to call it, it’s going to be ugly) ahead.

We’ve planned for this eventuality. Our Boom & Bust portfolios and our guidance have been built around the notion that things will get worse before they get better. That’s why we’ve preached caution and income.

Those who are with us should be in a good position to survive and prosper as events unfold.


Harry

 

 

Ahead of the Curve with Adam O’Dell

Why You Won’t Hear Us Say There’s a Recovery

While the U.S. economy has been adding jobs, on and off, since January 2010… we still have a long way to go. That’s because there are still at least four million jobs that have not been restored since the peak employment numbers we saw back in 2007.

Just look…

 

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.