The current level of initial claims data is consistent with a historically low unemployment rate.
More Quotes from Mike Englund:
We have higher highs for the deficit as we go into the middle of 2006. We have the monthly trade numbers getting into the low 70 billion range by the third quarter.Mike Englund
This more pure measure has a nearly perfect prediction pattern dating back to 1966, with leads of 9-20 months.
Mike Englund
Fed tightening is being transmitted throughout the yield curve to other rates, so we're really just starting to see the result of a year and a half of Fed tightening.
Mike Englund
The confidence numbers are perhaps the most unexpected and perhaps added a little worry to the broader mix
Mike Englund
Overall, trade deficits tend to widen with hurricanes, due to the Southeast region's bias towards exports to Latin America over imports.
Mike Englund
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