Thursday, June 30, 2011

It's The Economy Stupid: Jobless Claims

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


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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