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Perry Perry:
Oct 08 15:50 pm
|Rating:
+4
-1
All Comments by Robespierre »Jobless Claims Fall to Lowest Level in 37 Weeks [View article]
"It's also interesting that in the WSJ article above, the Chase economists didn't mention the two most recent recessions of 1990-1991 and 2001. During those two recessions, jobless claims fell by a comparable amount, by -15% from the March 1991 peak and by -19% from the October 2001 peak"
Funny it also does not mention that the current level is HIGHER than the peak of those two recessions. So please do tell how is this such market rally earthshaking great news?