[OutsiderFan]

First time unemployment claims.

BC

Given what Congress is passing, I don't think these unemployment claims are a big deal in the near-term. They have all been baked into the recovery bills that have or will pass later. The real pain will be when the mortgage for our 10% of GDP debt comes home to roost.

As I said last week, the conditions for stagflation have been set in place. Sinking demand from economy that can no longer grow with credit,  combined with inflation. Ugh.

[OutsiderFan]

First time unemployment claims.

BC

Given what Congress is passing, I don't think these unemployment claims are a big deal in the near-term. They have all been baked into the recovery bills that have or will pass later. The real pain will be when the mortgage for our 10% of GDP debt comes home to roost.

As I said last week, the conditions for stagflation have been set in place. Sinking demand from economy that can no longer grow with credit,  combined with inflation. Ugh.