Okay, shock! Initial Jobless Claims came in higher than economists expected, 428K versus economist’s estimates of 420K, but is was less than the prior period of 429K. So 1,000 people went to work, sort of. The math is not an exact count, and is subject to revisions, so who knows.
And the QE2 sets sail today. We think, sort of. QE2 is the Fed’s Quantitative Easing #2 where the Fed bought a whole bunch of Treasury securities to keep interest rates low to help the economy. I think it is safe to say that it has not been a tremendous success…
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
Ph: 225-342-0013
Fx: 225-342-9721
Email: jbroussard@treasusry.state.la.us
Street Address:
301 Main Street
Baton Rouge, LA 70802
Mailing Address:
P.O. Box 44154 Capitol Station
Baton Rouge, LA 70804-4154
Physical Location:
One American Place, 7th Floor
Corner of North Street & 4th Street
Exit 1D I-110 North Street / Capitol Park / Downtown
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