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Real Vision: Finance & Investing

Jobless Claims Plummet: Throwback to 1969

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 25 November 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

DB-Nov 24,2021: Are we back in 1969? At only 199,000, last week’s initial jobless claims were the lowest in over half a century since November 1969. That was the pre-internet and pre-cell phone era. Is this a signal for the recovery of the economy or are people just starting their own small businesses? Another throwback to a historical era, inflation hasn’t run amok through the economy since the end of WW II when Americans returned home. Darius Dale, founder of 42 Macro, joins with all his data to discuss the future. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3xlIsnf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:03.6

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0:07.8

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0:22.4

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0:26.8

Based on customer numbers for verification email, advertising at Mailchimp.com.

0:35.2

Hello, welcome to the Real Vision Daily Briefing.

0:37.8

It's Wednesday, November 24, 2021.

0:40.8

I'm Maggie Lake here with Darius Dale of 42.

0:43.8

macro. Hi, Darius.

0:45.4

Hey Maggie, happy Thanksgiving Eve.

0:47.6

Yeah, exactly. We're almost there.

0:49.2

I feel like we should have an advertiser in a drink sitting here.

0:52.2

But we'll get there soon.

0:54.8

You know, it's interesting.

0:55.8

The equity market action was a little bit muted in the U.S.

0:58.8

ahead of that Thanksgiving holiday, not really a surprise there.

1:01.8

But we did see bonds and the dollar reacting to a batch of economic data,

1:06.6

a data dump, I think is what we're all calling it, right?

1:08.6

Because they're all a lot out.

1:09.8

And some of them really making headlines, weekly jobless claims,

...

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