Thursday, March 8, 2012

8 Mar 2012

Still flattening in the long term.
Medium term decline has stopped and slightly reversed.

Short term decline has reversed as hard as about it looks like it ever has.  Irrational?

If the Gallup poll is right, and the BLS only slightly seasonally adjusts, we should see an increase in the unemployment rate tomorrow.  I'm also not feeling confident that even if the Greek PSI does go through that there will be rainbows and unicorns everywhere.

"You can always count on Americans to do the right thing—after they’ve tried everything else."
Winston Churchill

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