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About That ‘Surge’ In Jobless Claims…
Two weeks ago, jobless claims in the US ostensibly spiked.
I say "ostensibly" as though the increase wasn't real, and I suppose I should apologize already: It was surely real for somebody. Somebody -- many several somebodies -- filed in the week to October 5, which is to say folks were jobless. And every involuntarily jobless American is in some way a policy failure and a human tragedy.
But from a 30,000-foot, macro analysis perspective, it was farcical to suggest that one anomalous weekly cla
“All the underperformance money can buy” ???
Those at the end were laughing emojis that got converted to question marks.