Only once in the last 42 years have jobless claims been lower than this week’s 264k print… Other than April 2000, this is the ‘best’ jobless claims print since 1973! Seems like ZIRP is well-warranted. But not everyone is loving it as Texas continues to turmoil (no matter how diversified the talking heads tell the people their economy is).
42-year low next week?
The last 2 times jobless claims reached this low… the stock market topped…
But Texas remains in trouble…
“As Good As It Gets?”
Charts: Bloomberg
