Trading Now

Trading Now

Thursday, June 25, 2009

Bloomberg: JOBLESS claims rose to 627,000

More than expected 6.74 million unemployed
Each week we have lost 615,000

GDP shrinks -5.5% revised from -5.7%

*Deflation needs to take hold to fix this economy. The fed's price controls are only helping the banks in the short term. Consumers cannot continue to pay for rising gas prices, milk prices and food prices, not to mention propped up house prices with rising mortgage rates, without a fucking JOB!

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