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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

2008-05-22 US Economic Releases

Posted by Sada Mosler on May 22nd, 2008


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2008-05-22 Initial Jobless Claims

Initial Jobless Claims (May 17)

Survey 373K
Actual 365K
Prior 371K
Revised 374K

Settling down at levels far below recession levels.

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2008-05-22 Continuing Claims

Continuing Claims (May 10)

Survey 3065K
Actual 3073K
Prior 3060K
Revised 3073K

Still far from recession levels but moving up.
Might be some unemployment benefits that have been extended – can’t remember.

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2008-05-22 House Price Purchase Index MoM

House Price Index MoM (Mar)

Survey n/a
Actual -0.4%
Prior 0.6%
Revised 0.4%

Showing signs of stabilizing.

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2008-05-22 House Price Total Index QoQ

House Price Index QoQ (1Q)

Survey -1.3%
Actual -0.2%
Prior 0.1%
Revised 0.3%

Showing signs of stabilizing.


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