While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” the Employment and Training Administration announces that for the week initial jobless claims rose to 479,000 from 460,000 the week before. Initial jobless claims were expected to show a modest drop; initial jobless claims are one of the leading indicators of the nation’s economic health.
[added 4/2/2021] Thanks to Freedom’s Phoenix for this entry.
Todd Davenport, Senior Writer for the Federal National Mortgage Association (a.k.a. “Fannie Mae”) reports that his corporation’s inventory of “Real Estate Owned” homes has more than doubled in the twelve months from July 2009 to July 2010.
[added 4/2/2021] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
ETA Press Release Unemployment Insurance Weekly Claims Report
www.dol.gov/opa/media/press/eta/ui/eta20101073.htm/
Initial Claims Surge To 479K, Trounce Expectations Of 455K, Severe Deterioration From Last Week’s 460K | zero hedge
www.zerohedge.com/article/initial-claims-surge-479k-trounce-expectatins-455k-prior-weeks-460k
http://www.fanniemae.com/media/pdf/newsreleases/q22010_release.pdf
www.fanniemae.com/media/pdf/newsreleases/q22010_release.pdf
Calculated Risk: Fannie Mae REO Inventory doubles, expected to “increase significantly”
www.calculatedriskblog.com/2010/08/fannie-mae-reo-inventory-doubles.html
Current U.s. National Debt:
