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  • Jobless Claims Will Have QE3 Implications

    From wsj.com

    Don’t underestimate this week’s jobs data. Initial jobless claims — the number of folks filing applications for jobless benefits — inched up for a second week in a row, according to the Labor Department. Claims rose by 4,000 to 372,000 in the week ended Aug. 18, the highest level in about a month, underscoring the uneven nature of the labor market. Specifically, the most recent jobless claims numbers fall inside the “survey week,” that is the week that includes the 12th of the month, which is used by the Bureau of Labor Statistics to help calculate the almighty monthly numbers. “The increase in the most ... (full story)

I don't understand how a SLIGHT increase in numbers for a figure that is released every SINGLE week could significantly impact something that has been the subject of endless scrutiny and speculation since what feels like the beginning of time?
It is just an excuse to weaken the dollar. If you really think hard all the minutes said was that the fed talked about QE3 which is exactly what they do EVERY time. They didn't say they were going to do anything at all. Plus Bernanke will not do anything before the election or he will come under scrutiny for playing politics.
Is it 400k or more? No.
Exactly this wasn't bad enough to prompt stimulus
hah, junkies now days always QE,QE,QE, and QE.
look at the reality, the european is more severe but it is no QE, what about US? it's much better so why should bother QE? gimme a break.
speculation isn't a healthy market.
Agree totally with kibescorb! You cant measure over so short a period!
Quoting sisno13
Plus Bernanke will not do anything before the election or he will come under scrutiny for playing politics.
Good. I think he will want to come out clean.
these data will be revised downward as usual...shockingnews.com is in play
because everybody begging for qe3... more money.. pay later. btw how's your credit cards statement doing??
Quoting kibescorp
I don't understand how a SLIGHT increase in numbers for a figure that is released every SINGLE week could significantly impact something that has been the subject of endless scrutiny and speculation since what feels like the beginning of time?
The Fed won't act on one data point. They probably see something that we don't with their internal data. I'm not saying more QE will help.
Quoting kibescorp
I don't understand how a SLIGHT increase in numbers for a figure that is released every SINGLE week could significantly impact something that has been the subject of endless scrutiny and speculation since what feels like the beginning of time?
The sensitivity level is increasing. A small change can cause panick. Chaos Theory. Chaos Theory.
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