Economic Reports 01/10/08
Initial Claims 01/05 -15K at 322K vs prior 337K Full Report
Inside the number: 4 week MA -3K at 341K. Long term unemployment -52K at 2.702M, 4 week MA +17K at 2.701M.
Read states with an increase of more than 1K for an idea of the bleed from housing into other sectors.
Wholesale Inventories Nov +0.6% vs prior +0.0% Full Report
Inside the number: Sales +2.2%; YOY +14%. Non durable sales +3.3%; YOY +21.7%; inventories YOY +11%.
All numbers unadjusted for price changes.
Lets see now, the wholesalers are stashing 11% more inventory like squirrels, for that big winter? NOPE.
Or unit sales are up 14 to 21% over last year, cause people are spending like fools? NOPE.
Can you say double digit stagflation? I can.
This weeks Economist commodity price index has Food +49% YOY & ALL ITEMS tied to 2000 dollars +28.4% YOY.
Jim Rogers agrees and this week stated that the US & UK governments are both LYING about inflation.
Yet the Fed says we have breathing room to lower rates... proving they are absolute two faced liars...
paid to manage inflation expectations and because no one besides Shrub Jr. could be that stupid.
Inside the number: 4 week MA -3K at 341K. Long term unemployment -52K at 2.702M, 4 week MA +17K at 2.701M.
Read states with an increase of more than 1K for an idea of the bleed from housing into other sectors.
Wholesale Inventories Nov +0.6% vs prior +0.0% Full Report
Inside the number: Sales +2.2%; YOY +14%. Non durable sales +3.3%; YOY +21.7%; inventories YOY +11%.
All numbers unadjusted for price changes.
Lets see now, the wholesalers are stashing 11% more inventory like squirrels, for that big winter? NOPE.
Or unit sales are up 14 to 21% over last year, cause people are spending like fools? NOPE.
Can you say double digit stagflation? I can.
This weeks Economist commodity price index has Food +49% YOY & ALL ITEMS tied to 2000 dollars +28.4% YOY.
Jim Rogers agrees and this week stated that the US & UK governments are both LYING about inflation.
Yet the Fed says we have breathing room to lower rates... proving they are absolute two faced liars...
paid to manage inflation expectations and because no one besides Shrub Jr. could be that stupid.
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