Home > Economy, Unemployment > Decoupling Uber Alles: Jobless Claims Drop, Starts And Permits Beat

Decoupling Uber Alles: Jobless Claims Drop, Starts And Permits Beat

“The decoupling desperation hits just keep on coming. After revising last week’s 390k number as usual higher to 393K, today’s soon to be revised higher jobless claims number hit 388k – the lowest since April, on expectation of 395k. Naturally the robots took one look at the number and completely ignored the fact that Europe’s slow motion implosion continues because a few thousand people fired less apparently is good news. Naturally, that corporations, which have already cut all the fat and now have fewer and fewer people left to fire is of secondary importance. After all the decoupling thesis must survive at all costs because if not for America, which together with everyone else, has exported $338 billion more than they have imported – a mathematical idiocy which was noted yesterday – then the world is apparently doomed”

Via Zero Hedge

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Categories: Economy, Unemployment
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