The number of Americans NOT working increased last month by nearly 1 million -- 932,000 to be precise. Not good!
This is the labor force participation rate, which represents the percentage of American adults who have jobs. It fell to a fresh 35-year low this morning. This is the worst since 1978!
I am a student of economics, financial analyst, and futures trader, specializing in agricultural commodities, and especially grains, but I also trade gold and other metals, soft commodities, treasuries, and stock index futures.
I began trading spot Forex currency crosses in May 2003, and in August 2006, I met a futures trader who has been making a living in futures for more than 20 years, and he became my futures mentor. I've never looked back, and I am now head trader for Global Capital Reserves, my own firm.
I also have both Bachelors and Master of Science degrees in business.
I really enjoy trading futures, and hope to share my successes, a few failures, and methodologies.