05 November 2009

Economics Update

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The Defendants in the Galleon Case....So Far
Click for PDF from SEC



H/t The Bondad Blog
It's jobless Thursday, and initial jobless were better than forecast, 512,000, down from a revised 532,000 the prior week, comparing the initial numbers from last week, it's 512K from 530K, a still quite impressive 18,000 drop.

The 4 week moving average fell 3000, to 523,750, and the continuing claims fell to 5,749,000, down 68,000 from last week's number 5,817,000, though the initial figure there was 5,797,000m which is a 48K drop.

We are still seeing repercussions of the the Fed's extended zero rate interest in energy and currency, with people worrying that the run up in commodities may be coming to an end, which pushed the dollar and Yen up, and oil down.

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