Thursday, August 19, 2010

Initial Claims at 500,000

http://www.marketwatch.com/story/jobless-claims-rise-to-500000-a-nine-month-high-2010-08-19?dist=beforebell

The stimulus has been spent and all went to China. The Census work is all but done.

And here were are........back going the wrong way.

More "unexpected" news. Yes nobody saw this coming.... The sun "unexpectedly" rose in the East this morning. None of the experts could explain it.

This week's rise was unexpected. Economists had been projecting that a slight decline was in the cards. Based on what???

I should have been an economist. It is the only job in the world you can be wrong 100% of the time and nobody cares. Must be nice.

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