So last week's initial unemployment claims numbers were released today. 203K, up 1,000.
That's basically no change.
Also, continuing claims fell to a 52 year low.
On the other hand, 80% of small business owners are convinced that a recession is imminent.
Assuming that the rate increases from the Federal Reserve continue apace, I think that there is a pretty good chance that we will see a major down turn in real estate, along with attendant knock on effects.
My prediction?
¯\_(ツ)_/¯
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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