Jobless Claims Up

Today we are back up on the jobless claims by 15,000. They came in at 381,000.

That seems to me significant, considering that this was a shortened data reporting week with the Christmas holiday.

What will happen next month when temporary workers are let go and businesses start to look at their bottom line? ZeroHedge puts it like this: “pink slips will fly on turboboost.”

Seems about right. Add to that the continuing European crisis, their recession and our banks and our manufacturers. No wonder someone on cable today said she’s expecting QE3.

I hope not, but it’s still possible.

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