Friday, June 18, 2010

New jobless claims take surprise jump = "L" shaped recovery

[mEDITate-OR; 
not see that it it is not getting better...

Jobless claims up, home sales heading back down - a lot.
This is not only a jobless recovery, it might not BE a recovery.

Sleep tight, and don't let the BEDouins bite.
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New jobless claims take surprise jump
Claims rise to highest level in a month, showing hiring remains spotty

The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that hiring remains weak.
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Consumer prices drop for 2nd straight month
Biggest decline since prices plunged 0.7 percent in December 2008

Consumer prices fell for the second straight month, extending a break for Americans' pocketbooks. Less expensive energy bills were the main factor pulling down prices.

http://www.msnbc.msn.com/id/37749643/ns/business-stocks_and_economy/from/ET
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Wholesale prices fall for second straight month
Absence of inflationary pressure means Fed can keep rates low
Wholesale prices fell for a second straight month in May, the first time that has happened in a year, reflecting big declines in the cost of energy and food.
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