Another "unexpected" "surge" in new unemployment claims

Completely "unexpected". I'm beginning to get suspicious about the number of unexpected job losses. This might be an unprecedented number of unexpecteds.

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January...

And for your pleasure morning chuckle - A slide show about Obama's mad skilz at faking interest in almost anything. Two links there, the first is a LAT piece, the second a NY Magazine piece with the actual slide show. Worthy of note is the LAT and NY Magazine taking cheap shots at teh prez.

[UPDATE]
US bank lending falls at fastest rate ever recorded!

Bank lending in the US has contracted so far this year at the fastest rate in recorded history, raising concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus.

...The M3 broad money supply – watched by monetarists as a leading indicator of trouble a year ahead – has been contracting at a rate of 5.6pc over the last three months. This signals future deflation. The Fed's "Monetary Multplier" has dropped to a record low of 0.81, evidence that the banking system is still broken...

Obama faking being impressed by a bolt

"unexpected" "surge" in new unemployment claims&bodytext=Completely "unexpected". I'm beginning to get suspicious about the number of unexpected job losses. This might be an unprecedented number of unexpecteds.The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased...&topic=world_news"> posted by Purp at 11:28 AM

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