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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.

Archive for November 19th, 2009

Today’s Data

Posted by WARREN MOSLER on 19th November 2009


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Karim writes:

Data on the weak side:

CPI

  • Initial claims unch at 505k (prior week revised up 3k)
  • Total ongoing benefits up 81k
  • Some saying that standard error of claims-based model as a predictor of NFP may lead to a CHANCE of positive payroll growth in November

Housing

  • Philly Fed up 5.2pts to 16.7
  • Prices paid down 6.4, orders up 8.6, inventories up 14.5, employees up 6.3
  • Going in opposite direction to Empire survey earlier in week, but converging to similar levels
  • Modest expansion in manufacturing

Latest foreclosure chart (loans in foreclosure as a % of total loans)


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Posted in Employment | 3 Comments »