It's only a flesh wound
Posted on 09/17/2009 6:21:51 AM PDT by fiscon1
The weekly jobless claims just came out and they hit another recent multi month low. This week the number of new jobless claims came in at 545,000. Last week it was 550,000 and so a trend might be forming. It also bodes well for the monthly jobs number that will come out the first Friday in October.
Markets had a great day yesterday. All were up in the neighborhood of 1%. That followed near across the board gains around both Europe and the Far East. This morning, however, markets look to open rather flat. The futures of all three indices are trading very near yesterday's close, within a quarter of a percent.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
Only 545,000 jobless claims this week (to be
“adjusted in some future week)
The market rises
and the band plays on
Wow, if this trend continues we’re only 100 months out from creating new jobs! I love the optimism when a Democrat is in office. lol.
Good news, the patient is no longer hemorrhaging, he just bleeding very badly and we still haven’t found his blood type for a transfusion.
It's only a flesh wound
Was this for the week of Labor Day?
It’s the old trick of legerdemain, direct their attention to one thing while another goes on unabated. In this case it’s the small drop in unemployment claims being point to by the right hand while the left hand handles a debt load for the country that is the greatest in history. And there is no plan, that I am aware of, to handle this debt. In fact, the plan appears to be to just go on adding to the load.
And the band plays on. And it’s the same old tune.
>>The market rises
and the band plays on<<
I am enjoying the music. It’s nice tonight. I’m standing on the deck watching an incredible view. I want to thank the captain for bringing us so close to the iceberg. It’s beautiful. I was able to chip off a piece and drop it in my drink.
These are the salad days!
Party pooper!
I couldn’t help it. ;)
Just think! It will only take 5 years to get back to the misery that was the early 80’s!
Either I suck at economics or the worst it yet to come...
The good news is- drinks are on the captain
the bad news is - he’s going down for ice
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