Economic Reports 11/13/09
Import & Export Prices October
Export +0.3%; Yoy -3.4%; Import +0.7%; Yoy -5.7%. Evidence of dollar “debauch” based inflation.
BLS is also saying that the price increases for imported raw materials and metals, including precious metals, are in fact "tied" to the dollar. Really? Duh!
Trade Balance Level September
$-36.5B vs $-30.7B; widening on significantly higher oil prices; more evidence of dollar based inflation.
Physical barrels imported +6.6% vs -9.4%. The price of imported oil rose to $68.17 vs $64.75.
Exports +2.9%; Yoy -13.2%; Imports +5.8%; Yoy -20.6%. The rise in export appears to be more real than the boost in imports.
Initial Jobless Claims 11/07
-12K at 502K; 4 week MA -4.5K at 519K; Continuing claims -139K at 5.631M; 4 week MA -100K at 5.790M.
Continuing claims declines are due to expiration of benefits, witnessed by emergency compensation claims + 20K to 3.52M vs 820K a year ago.
Export +0.3%; Yoy -3.4%; Import +0.7%; Yoy -5.7%. Evidence of dollar “debauch” based inflation.
BLS is also saying that the price increases for imported raw materials and metals, including precious metals, are in fact "tied" to the dollar. Really? Duh!
Trade Balance Level September
$-36.5B vs $-30.7B; widening on significantly higher oil prices; more evidence of dollar based inflation.
Physical barrels imported +6.6% vs -9.4%. The price of imported oil rose to $68.17 vs $64.75.
Exports +2.9%; Yoy -13.2%; Imports +5.8%; Yoy -20.6%. The rise in export appears to be more real than the boost in imports.
Initial Jobless Claims 11/07
-12K at 502K; 4 week MA -4.5K at 519K; Continuing claims -139K at 5.631M; 4 week MA -100K at 5.790M.
Continuing claims declines are due to expiration of benefits, witnessed by emergency compensation claims + 20K to 3.52M vs 820K a year ago.
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