From Pine View Farm

Nothing To Do, Nowhere To Go (Updated) 1

Unemployment figures less bad this week. Bloomberg:

Recent readings on claims for jobless benefits signal firings are slowing as the economy grows. The number of Americans filing first-time claims for unemployment insurance unexpectedly declined by 5,000 to 457,000 in the week ended Nov. 28, the fewest since September 2008, figures from the Labor Department today showed.

“The labor market is turning,” said Dean Maki, chief U.S. economist at Barclays Capital Inc. in New York. “We are set to break into positive job growth over the next few months. The recovery is proceeding on schedule.”

I do find the quotation in the second paragraph to show the hubris one would expect from a Master of the Universe.

Where, praytell, is this schedule of which he speaks?

Addendum:

Bonddad.

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1 comment

  1. Karen

    December 3, 2009 at 7:10 pm

    It’s right there in the description of him: Chief US economist = head where sun doesn’t shine.

    That’s why he can’t see the REAL world.