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Initial Claims Rise - What Happens Next?
Following the surprise plunge in job layoffs (to 14-month lows) according to Challenger, Grey, and a day after exuberant ADP jobs data, initial jobless claims spoiled the party a little and rose 9k to 269k (in line with expectations). However, for The Fed, this is awesome, as the trend remains near 42 year lows. The question is - as the chart below shows - what happens next?
Charts: Bloomberg
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They get doubly seasonally adjusted to fit a particular narrative?
What Happens Next
The non-participation rate goes to 96 million....do I win something?
Vince, your old friend Sandy Berger went to the Great Beyond. Glowing tributes to him even though he stuffed classified documents into his pants and cut them up. Doing God's work as a public "servant."
More good news Janet! Being "data dependent" we look forward to your rate hike...
any second now...
Would someone please slip a red pill in amongst the medications the Fed members take? They've been on an uninteruppted course of blue pills.
Let me guess. Moar bullshit and lies? What did I win Alex?
"A BRAND NEW CAR!"
Well, you can't have that, but if you're an American citizen you are entitled to:
a heated kidney shaped pool,
a microwave oven--don't watch the food cook,
a Dyna-Gym--I'll personally demonstrate it in the privacy of your own home,
a king-size Titanic unsinkable Molly Brown waterbed with polybendum,
a foolproof plan and an airtight alibi,
real simulated Indian jewelry,
a Gucci shoetree,
a year's supply of antibiotics,
a personally autographed picture of Randy Mantooth
and Bob Dylan's new unlisted phone number,
a beautifully restored 3rd Reich swizzle stick,
Rosemary's baby,
a dream date in kneepads with Paul Williams,
a new Matador, a new mastodon,
a Maverick, a Mustang, a Montego,
a Merc Montclair, a Mark IV, a meteor,
a Mercedes, an MG, or a Malibu,
a Mort Moriarty, a Maserati, a Mac truck,
a Mazda, a new Monza, or a moped,
a Winnebago--Hell, a herd of Winnebago's we're giving 'em away,
or how about a McCulloch chainsaw,
a Las Vegas wedding,
a Mexican divorce,
a solid gold Kama Sutra coffee pot,
or a baby's arm holding an apple?
Courtesy of the Tubes "What do you want from life?"
You forgot:
Type 2 diabtes and
A fucking crack whore president.
Wait! Stop the policy change! The chart was upside down!
What difference does it make really? They can print money, buy any asset they want, and share with whom they want and destroy whomever they want; that is the ultimate power on earth. They are their own "god" and only the true God can and will put an end to it.