Claims for unemployment insurance for the week ended 6/18 printed 429M today vs 415M expected, and the markets tanked! The world has been looking for the stamp of authenticity to a double dip and figures this is it. Off they go.
Crowds, whether of the French Revolution variety or a lynch mob - they're all the same. Crowds without failure react in the extreme.
In fact, after averaging 459M in 2010, new claims have averaged 415M in 2011. The pace of layoffs has slowed.
Robert Craven
Crowds, whether of the French Revolution variety or a lynch mob - they're all the same. Crowds without failure react in the extreme.
In fact, after averaging 459M in 2010, new claims have averaged 415M in 2011. The pace of layoffs has slowed.
Robert Craven
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