Vern sums it up...and I expect the oil price to resume it's...

Vern sums it up...and I expect the oil price to resume it's down-trend as the reality of far less US jobs hits...

To quote - source: http://www.marketsandmoney.com.au/t...lation-is-now-producing-deflation/2016/06/11/

Look at the trend in the ‘doctored’ employment numbers — February +233,000, March +186,000, April+123,000 and May +38,000. Each month the employment numbers are getting progressively weaker.
In identifying this trend, David Rosenberg, chief economist and strategist at Gluskin Sheff, wrote:
‘I don’t want to alarm anyone but the facts are the facts, and the facts here is simply that this is precisely the sort of rundown [in employment numbers] we saw in November 1969, May 1974, December 1979, October 1989, November 2000 and May 2007. Each one of these periods presaged a recession just a few months later — the average being five months.’