Daily Archive: Thursday, October 28, 2010


Karim writes: Initial claims fell 21k to a 3mth low of 434k, but the Labor Dept attributed this to a missed seasonal adjustment factor due to the Columbus Day holiday Unadjusted claims rose by 3%, or 11k; the seasonal adjustment factor was looking for a 7.8% rise. Thus, the seasonally adjusted number ...Read More

Living with a deficit terrorist majority

>    >   (email exchange) >    >   On Wed, Oct 27, 2010 at 8:11 PM, wrote >    >   This kind of talk is not bullish. >    >   If they try to do things too quickly all bets are off. >    Right. That’s what I see as our biggest risk, though 100 billion isn’t all that much, and ...Read More