31 July 2025

It's Thursday ¯\_(ツ)_/¯

So, both the initial unemployment claims and the continuing unemployment claims numbers were flat this week.

The former is at an OK level, and the latter is at a very much not OK leve.l 

Meanwhile, the Fed's Open Market Committee kept interest rates unchanged, as predicted, unleashing a storm of whining from Donald Trump, and rose at a robust 3% annual rate in the 2nd quarter, but this number, much like the contraction seen in the 1st quarter fall in GDP are likely more a response to the incoherence of Trump's tariff policy than anything else.

I have no clue what this all means. 


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