Al Franken Does Mick Jagger
By Barry Ritholtz - January 9th, 2009, 8:15PM
Your New Senator from Minnesota!
"Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy." —Groucho Marx
Macro Notes
Jobless ClaimsPeter Boockvar
Initial Jobless Claims totaled 614k, 1k less than expected but the prior month was revised up by 3k to 630k. Continuing Claims fell by 53k from last week and was 38k less than expected. There has been a big discussion of late over the expiration of unemployment insurance and how the recent drop in Continuing Claims is due to people losing it rather than finding a new job. While there is no question benefits are expiring without one finding a job, as evidenced by the rising exhaustion rate, many losing those benefits now started getting them when initial claims were...
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January 9th, 2009 at 11:09 pm
For some reason I actually “feel” better having someone like Al Franken as U.S. senator than the “typical” political personae. Humorists can actually have better insights into the “issues of the day” than most.
Perhaps this is the great revolution of our day….happening in Minnesota…home to Jesse “the Body” Ventura and Al Franken….displacing empty suits like Norm Coleman.