Economy Update

Today’s jobless claims are down 23,000 to 452,000; if that seems good, last week’s claims were revised upward to about 475,000, so it looks like we’re still stagnant. My Joseph A. Banks metric confirms this. Today they’re advertising buy one suit, get two free. When they get back to normal sales, we’ll know we’re out of the woods.

... Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.