World Economic Fuck'em

Although most economists tend to overemphasize the desirability of particular ways of collecting tax revenue as opposed to others, a tax on profits is perhaps one of the most evil and disastrous forms of taxation conceived.

Jobless Claims Continue To Show No Signs Of Labor Market Stress Initial jobless claims continue to hover near multi-decade lows, refusing to show any signs of labor market stress. Last week saw 212k American file for jobless benefits for the first time (below the 216k expected). Unadjusted claims tumbled to the lowest since September... Source: Bloomberg Michigan and New York saw the largest drop in initial jobless claims last week while Rhode Island and Oklahoma saw the bigger rise in claims... The number of Americans filing for continuing jobless claims also dropped last week...