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A host of earnings reports that beat forecasts, combined with U.S. initial jobless claims from last week that came in lower than expected and pending home sales that were higher than expected,
Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email email@example.com to buy additional rights or use this link to reference the article - www.ft.com... New weekly claims for unemployment benefits have been stuck above 400,000 for nearly four months, a level economists consider too high to support a recovery in the labour market. The less volatile four-week moving average of claims fell 8,500 to 413,750.
As expected last week's 418K in initial claims was revised higher to 422K, but the big surprise was this week's drop in claims to 398K on expectations of 415k. The market appears to relish the fact that the streak of 16 weeks of 400K+ prints is broken, although that is quite amusing as next week's upward revision will mean the 400k+ streak will continue.
Well I certainly don’t need to ask you and he has proven himself correct on a lot of occasions. Where is your PROOF of his “lies over and over again”?
Originally posted by Agent_USA_Supporter
reply to post by Rockdisjoint
what recovery? you should know that america has over 300 million people, these statistics lie so many times, and arent the actaully data.
there is no recovery.
In summary there are three avenues that the Fed can pursue in order to help Tim Geithner prolong the cash illusion modestly longer. The three options for Bernanke are to i) book profits; ii) prepay expenses and, yes, iii) sell gold. Combined, these three approaches could squeeze out well over half a trillion dollars, giving the Treasury breathing room not only past August 2, but potentially into 2012!
Oil profits are up.
The economy expanded at meager rate of 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest since the recession ended. The government revised the January-March figures to show just 0.4 percent growth -- down sharply from its previous estimate of 1.9 percent.