Thursday, June 25, 2009

Jobless claims over 600,000

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Jobless claims shot up to 627,000 last week. This is evidence that the so called recovery is a mirage. People, things are not improving.

The number of claims last year was 392,000 and people who claim we are hitting bottom seem to not understand that we are still falling. The financial systems are crashing. Banks will not be able to survive if home prices fall much more.

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