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Fanciful Claims
US jobless claims came in low. Again. Again, again.
Thursday's initial filers print was just 213,000, down 6,000 from the prior week's upwardly revised 219,000 and the lowest since April.
I doubt readers need the backstory, but just in case: Claims spiked early last month amid distortions tied to a pair of hurricanes. Although the jump was obviously weather-related, "analysts" of the bearish persuasion (and, unfortunately, a handful of other observers who knew better) did their best Fred Sanfo
