Thursday, December 25, 2008

Three Sentences That Tell All About the U.S. Economy

"US unemployment claims rise to highest in 26 years" by Globe Wire Services | December 25, 2008

WASHINGTON - New claims for unemployment benefits rose more than expected last week, the government said yesterday, while consumers cut back on their spending for the fifth straight month amid a deepening recession....

The financial markets took the news in stride. The Dow Jones industrial average rose 48.99 points to 8,468.48....


No commentary needed.