Claims
Various Inflation Numbers
Durable GoodsThe stats are coming out a day earlt because of the Thanksgiving holiday.
So initial unemployment claims fell by 2,000 to 213,000, beating estimates while continuing claims rose by 9,000 to 1.907 million.
¯\_(ツ)_/¯
Meanwhile, the updated US GDP growth rate was a 2.8% annual rate, which is a pretty good growth rate, and durable goods orders rose by .2% month over month.
One does wonder if the durable goods number is an artifact of people trying to beat tariffs.
My gut says that this economy feels a lot like mid 2000, before the DotCom bubble burst.
The only question is which group of hyper-leveraged gonifs are going to bring down the whole house of cards and get a bailout while the rest of us get stern lectures about personal responsability.
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