Thursday, February 9, 2017

A New Problem for Austrian-Lites: Initial Jobless Claims Plunge To 44 Year Low

How exactly are Austrian-lites going to support their theory that the Fed has "run out of bullets" and the economy is in permanent recession, with data like this?

This is not what a recession looks like.



  1. How would RW explain this chart from Shadow Stats?

    1. I have better confidence in that chart than jobless claims. How do we know that the eligible percentage of people losing jobs is equivalent to past cycles? There are just too many contrary data points such federal revenue now trending down, industrial production down, etc. If the economy was so great, Trump would not have been elected. I'm tired of all these bogus stats trotted out. Everything is not great. Far from it.