This Is Bad

Well, my teenagers say that math sucks. I disagree. Math when done properly tells the truth. I bet that Spend More Ben is thinking that math sucks though as he tries to figure out another way to offset the truth. It cannot be done as the math will always win.

The UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT came out today. The seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.

Now, they claim that it is because of the Superstorm Sandy. I call B.S. on that. Sure it probably accounts for some of the claims, but I would bet that the majority are from the claims that had been "back-logged" from the few weeks before the election.

Watch these reports through the end of the year, if they continue to decline or plateau, watch how the market reacts. 

Hold on!
Prepare
Food
Pay off bills
Silver