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Initial Jobless Claims Spikes Above 300k To 3-Month Highs, Biggest Miss In 11 Months
Having trended gradually higher for the last 5 weeks (missing expectations for 4 of them), initial jobless claims printed an uncomfortable 313k (against expectations of a 288k print - the biggest miss in over 11 months) pushing to its worst level in 3 months. This is the biggest week-over-week rise in almost 4 months. Continuing claims hovers at 14-year lows and dropped this week to 2.316 million.
Trend?
Perhaps worryingly, this rise in initial claims is considerably larger than the average shift for this time of year...
as Continuing Claims hits new 14-year lows
Charts: Bloomberg
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No problem in the unemployment arena, everything according to plan...
DaddyO
So when does this healthcare crap really start to kick in again?
Not to mention Core Durable Goods Orders collapsed as well:
http://www.forexfactory.com/
Forecast: +0.5%
Actual: -0.9%
Where is the seasonal adjustment?
And in October we read:
Obama’s Deputies Prepare to Print Work Permits for Millions of Illegals
Obamacare gives firms $3k incentive to hire illegals over native-born workers
Blame it on Ferguson
looting is new profession do
Continuing claims plummet. If they don't count them, then they don't exist.
Jobs outlook is great for all those crimmigrants that can now get work permits.
the immigrant president. lulz
The emperor that realized he could just do it.
Tax revenues outlook is great with all those crimmigrants that can now get work permits.
But GDP is up 3.9%, bust out the champagne!
When do all them shovel ready jobs come on board from the recent and ongoing firework displays across the US.
Forget about the shale plays a whole new birth in FEMA camps and private security ops is forecast.
SUCKERS
All this optimism boiling up through the economy has not reached much of rural America or where I live in the Midwest. The election results seem to agree with me that something is very wrong. I did not sleep well last night because I was afraid. I was haunted by fear and all the reassurances by Janet Yellen and the Federal Reserve are not helping.
Like the young boy in the movie years ago the spirits of those who once filled the world with life will not let me rest, in this case I'm haunted by dead businesses and not people. The article below concerns the cost and problems of buildings sitting vacant because of business failures. I have my finger on the pulse of small business and it is far from healthy.
http://brucewilds.blogspot.com/2014/10/i-see-dead-businesses.html
gotta love the steve liesman spin: now that jobless claims popped his bar of 300k, we are in a "goldilocks scenerio" with regards to the fed. when pressed about why long-term rates continue to fall, the german 10-year bund is trading .75% & the US10-year is 2.235%, the answer is that the bond guys are not believing that the fed will begin to raise rates next year. or could it be that the bond guys have the global economy pegged completely accurate & stocks continue to lift on a straight-up yield chase which when combined with margin debt @ all-time highs, the higher we go on equities is only going to perpetuate a 10-15+% correction when it does happen because once those margin calls start rolling-in, stops will be tripped, algos will kick-in, and equities will get hammered.
obviously nobody knows the actual "when" of when this happens but so-long as the bond guys continue to buy & force yields lower + shit global economic data, the only question is "when" not "if" it happens. each of the last 2 collapses in equities (dot com bust, housing collapse) was a function of a credit event. when the next equity pummeling occurs, it will be no different. high yield is already flashing the warnings signs. so are raw commodities (ie. oil, iron, iron ore, copper). but the only guys NOT paying attention to this are the equity guys. while the disconnect has & can go on for a lengthy period of time, its inevitable to have that intersection occur - when it does, the longer & higher you are on the major equity averages, the greater the pain.
Amnesty/phony economic numbers/neocons on steroids/middle class in final death throes.
Better accept the fact that we've lost America folks. "They" are too entrenched, and the shredding of the Constitution is almost complete. Certainly, of all the Bill of Rights, really only the 2nd Amendment remains. I expect that sooner or later, if you want any gubmint bennies, you'll have to turn your weapons in. Then there will be unannounced door-to-door searches (we don't need no fukkin' warrant). Then anyone caught with a weapon will be sent to the nearest FEMA camp FOR INDOCTRINATION. The propaganda has really been ramping up of late; the end game is rapidly approaching with a major false flag to light the final spark.
Amnesty/phony economic numbers/neocons on steroids/middle class in final death throes.
Better accept the fact that we've lost America folks. "They" are too entrenched, and the shredding of the Constitution is almost complete. Certainly, of all the Bill of Rights, really only the 2nd Amendment remains. I expect that sooner or later, if you want any gubmint bennies, you'll have to turn your weapons in. Then there will be unannounced door-to-door searches (we don't need no fukkin' warrant). Then anyone caught with a weapon will be sent to the nearest FEMA camp FOR INDOCTRINATION. The propaganda has really been ramping up of late; the end game is rapidly approaching with a major false flag to light the final spark.
sorry for the double post
Just don't let it happen again.
Just don't let it happen again.
who can trust these numbers? all I know is making money honestly in this economy is very difficult. as I am an insurance salesman for 29 years and 47 years old this economy sucks. wish I could get out of this business but stuck with what I know or don't know. the self employed people don't count in these numbers and believe I would be better off if this economy would just collapse so we can start to rebuild.
1. Make 7 million illegal brown faces legal by executive order
2.???????
3. PROFIT!