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Realistbear

Sharp Drop In U S Jobless Claims Makes I R Hike A Certainty

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http://wireservice.wired.com/wired/story.a...storyId=1513892

Weekly jobless claims fall sharply

JEANNINE AVERSA AP Economics Writer

Thursday, April 20, 2006 8:40 a.m. ET

WASHINGTON (AP) -- The number of new people signing up for jobless benefits last week fell sharply, a fresh sign that employers are feeling better about the business climate.
The Labor Department reported Thursday that new applications filed for unemployment insurance dropped by 10,000 to 303,000, the best showing since the beginning of April. The level of new jobless-benefit filings suggest that the labor market is maintaining decent momentum.
Last week's decline was steeper than analysts were expecting. Before the report was released, they were forecasting claims to fall to 308,000.
Others believe the Fed will push up its key interest rate to 5.5 percent before stopping this summer.

How quickly yesterday's news of a softening in US IR evaporates. The trend has not changed--its up up and awayyyyyyyyyyyyyyyyyyyyyyyyy!

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But isnt it different this time?

We can go against the whole world, lower our rates and save the property market, well thats what alot of people I know think - Double Losers :lol::lol::lol:

Edited by I Told You So

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When are you lot going to eat a bit of humble pie and admit you are talking nonsense.

Hands up anyone who thinks that the American economy is going to keep growing and growing financed by debt?

Surely the contradictory stories that follow each other day after day is proof that the whole thing is very finely balanced. Long term stagnation in rates if you are lucky. Falls if you are not. Interest rates above 5.5% in the States probably will not happen in the next 20 years.

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http://wireservice.wired.com/wired/story.a...storyId=1513892

Weekly jobless claims fall sharply

JEANNINE AVERSA AP Economics Writer

Thursday, April 20, 2006 8:40 a.m. ET

WASHINGTON (AP) -- The number of new people signing up for jobless benefits last week fell sharply, a fresh sign that employers are feeling better about the business climate.
The Labor Department reported Thursday that new applications filed for unemployment insurance dropped by 10,000 to 303,000, the best showing since the beginning of April. The level of new jobless-benefit filings suggest that the labor market is maintaining decent momentum.
Last week's decline was steeper than analysts were expecting. Before the report was released, they were forecasting claims to fall to 308,000.
Others believe the Fed will push up its key interest rate to 5.5 percent before stopping this summer.

How quickly yesterday's news of a softening in US IR evaporates. The trend has not changed--its up up and awayyyyyyyyyyyyyyyyyyyyyyyyy!

You crack me up :lol: you should get The Sun award for the most misleading titles of articles ever!

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Interest rates above 5.5% in the States probably will not happen in the next 20 years.

It will happen in the next two years if they don't want the dollar to collapse: just look at how fast the selloff starts any time there's any hint that they're going to stop raising rates... not even that they're going to _cut_ rates, just that they're not going to keep increasing them forever.

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Mortgage rates are still moving up in the US:

http://money.cnn.com/2006/04/20/real_estat...rates/index.htm

Mortgage rates at nearly-4-year high for 2nd week
30-year fixed-rate mortgage averages 6.53 percent this week, the highest level since July 2002.
April 20, 2006: 12:27 PM EDT
Edited by Realistbear

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It will happen in the next two years if they don't want the dollar to collapse: just look at how fast the selloff starts any time there's any hint that they're going to stop raising rates... not even that they're going to _cut_ rates, just that they're not going to keep increasing them forever.

I thought the eventual 'orderly collapse' of the dollar was more or less a done deal and their only way out of their debt?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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