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Title : The Political Page, t+216 -- August 24, 2017
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The Political Page, t+216 -- August 24, 2017

Jobs: new claims increased by 2,000, back up to 234,000 (below the consensus of 237,000). Initial claims held onto the bulk of the prior week's sizable 12,000 decline. The 4-week average is down for the 4th time in 5 weeks, 2,750 lower to 237,750 which is the lowest reading since May.

Trump "likes": because his tweets get thousands of "likes," a single "like" doesn't move the needle. But this morning, a first forme,

Fun to watch cognitive dissonance: watching Andrew Ross Sorkin on CNBC arguing against more government debt/increased deficit now that the GOP is in control. Under the Dems, he had no problem with government debt/increased deficit. For that matter, where is Nobel laureate Paul Krugman who consistently argued for increased spending under the Obama administration? Haven't heard from him in ages.

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