09 June 2011

It's Jobless Thursday

And once again, the initial claims numbers suck wet farts from dead pigeons, rising by 1000 to 427,000, as opposed to falling to 419,000 as forecast, though the 4-week moving average, the continuing, and extended claims all fell slightly.

This is not a glass half full, or too big a glass, this just sucks.

While Washington, DC is obsessing on making things good for the banks, which is what all this deficit cutting/austerity is really all about, this economy remains in the dump.

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