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January 27, 2011

ZeroHedge: Embrace the suck, stagflation is here

Punk, Cardigans, inept presidents, and a Disco revival are inexorably in our future. Well, we already got the inept president mojo working, so all you need to do is dig through the back of your closet for those old cloths and LP's.

...Expectation of 405,000... Print: 454,000! Worst print in forever (well, October). The BLS calls it a "weather related backlog." Read - snow. Call it what it is - Stagflation, baby.

Non-seasonally adjusted number came at 482,399, as 161,913 people fell off extended benefits.

Continuing claims: 3,991K on expectations of 3,873K.

And just to complete the stagflationary picture, durable goods decreased by 2.5% on expectations of plus 1.5%, down from -0.1%. "This decrease, down four of the last five months, followed a 0.1 percent November decrease. Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders decreased 2.5 percent."...

So what's the good news?
I still got a box of 8-track tapes somewhere.

posted by Purp at 10:11 AM

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Non-seasonally adjusted number came at 482,399, as 161,913 people fell off extended benefits. Continuing claims: 3,991K on expectations of 3,873K. And just to complete the stagflationary picture, durable goods decreased by 2.5% on expectations of plus 1.5%, down from -0.1%. "This decrease, down four of the last five months, followed a 0.1 percent November decrease. Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders decreased 2.5 percent."... So what's the good news? I still got a box of 8-track tapes somewhere. posted by Purp at 10:11 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments pawn (on his new laptop!!!): "So would you rather have him hanging out and messi ..." IRONGRAMPA: "Good morning, good people, from the Frigidrondacks ..." publius, Rascally Mr. Miley (w6EFb): " Darn, missed the solstice. It was at 09:21Z, 4: ..." Skip : "Have snow ground cover hete ..." Aetius451AD: ""Disclaimer: Posted slightly early because I'm goi ..." 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