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As I noted a week ago in So Much For Today’s Surprising "Drop" In Weekly Jobless Claims; California Forgot to Report 30,000 Claims … I still think Friday’s jobs report will be revised away, but I am positive today’s "surprising" report will be (for the simple reason California forgot to report 30,000 claims)
Brookings Institute On Looming Fiscal Cliff: Little Room for Optimism Posted by Michael Shedlock at 11:46 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
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View post: $210,000 Cow Milking Robot; Presenting the "Astronaut A4 – A Natural Way of Milking"; How Far Off is…
Lost Bet On Friday, I lost a bet made in March of 2010 regarding unemployment . I bet that the unemployment rate would not dip below 8% before June 2015. I crunched numbers many ways and simply decided there is no way the economy could possibly grow enough jobs.
More: Greek Prime Minister Warns of Societal Collapse Like Weimar Germany; Citizens Storm Defense Ministry; Merkel Takes Gamble on Visiting…
More: Romney Wins Debate #1 Hands Down; Style Over Substance; Tweedledum vs. Tweedledee
Excerpt from: IMF Ready to Plunder Spain; IMF’s Latest Trojan Horse Offer; English-to-English Translations
Today, the New York Times notes Banks Forgive Debt That Isn’t There . GREETINGS, unhappy homeowners! Here’s some wonderful news: “We are canceling the remaining amount you owe Chase!†says a letter that JPMorgan Chase sent recently to thousands of home loan borrowers. “You are approved for a full principal forgiveness of your Home Equity Account,†says another, from Bank of America