Lee Adler

Break Time!

I’ll be taking a short break from publication this weekend. There were be no Professional Edition posts Friday to Monday. Free content posts will be posted Friday morning, Saturday and/or early Sunday and Monday. I’ll be back at my desk on Tuesday morning when a regular publication schedule will resume.

Yet Another Record Low In Initial Unemployment Claims Screams Danger

Initial Claims and Annual Rate of Change- Click to enlarge

The actual unmanipulated data on weekly first time unemployment claims paints a picture of a US economy that is in a bubble that is boiling over, driven by the massive central bank money printing campaigns and ZIRP. The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 313,000. The…