A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
Read More »
Monthly Archives: April 2007
Clearing The Decks For A Fresh Look – WSE Pro
My, how things have changed! What a difference a day makes. Are there any more clichés I can come up with to describe what happened Monday? What looked like a one-way street suddenly has southbound traffic, and indicators which had been throwing steady right uppercuts and jabs, just got clocked with a roundhouse left...
Read More »
Fed Sends Lots of Love, Only Bonds Get It – WSE Pro
The Fed topped off a day of massive pumping with a $3.5 billion overnight repo on top of an $18 billion 5 day forward, 3 day repo and the expiration of $6.5 billion in reverse repos issued Friday. The net result was a mind boggling add of $28 billion. Click here to download complete...
Read More »
WSE Pro Dollar Index and Bond Yields Update 4/30/07
Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro subscribers only). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s...
Read More »
WSE Pro Mortgage and Housing Market Update 4/27/07
Mortgage application activity continues to bounce around just above the lows of 2006. The housing inventory overhang continues to get worse. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will...
Read More »
China’s Phoney Efforts Against the Deluge
The Pirate’s Bank of China raised bank reserve requirements 0.50% over the weekend. This does very little to stop the issuance of RMB (Yuan) in exchange for the flood of USD coming into the country. If $20-25 billion comes in per month, the RMB still gets printed, and then more fictitious Old Maid...
Read More »
Stalled With Good Reason – WSE Pro
The market’s stall just shy of SPX 1500 continued. There’s good reason for it. Multiple channel lines converge in that area making it a zone of significant resistance. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
Read More »
One Trick Pony: A Look at the Numbers
This week I ran a series of posts showing how large scale indiscriminate and price insensitive purchases of US securities by foreign central banks (FCB) creates overpriced financial assets. The economic term for this is “fictitious capital”. Today I add one more factor that contributes to fictitious capital and that’s the boom in US...
Read More »
Fed Corrects Overshoot – WSE Pro
We haven’t seen this in a while. After pumping $16.50 billion into the market on Wednesday, and setting up another $18 billion add on Monday with a 5 day forward repo, the Fed has now done reverse repos (RRPs) two days in a row. The Fed today did $6.5 billion in RRPs, with $5.25...
Read More »
Score Two More Runs for the Ponzinistas
Your blogger definitely has egg on his face. I feel I owe an apology to my readers for reporting as a newsworthy item the quote from the head apparatchek of China’s central bank about “not accumulating foreign reserves anymore”. What could I have been thinking?
Indeed the latest release of foreign central bank custodial...
Read More »
Swallow Hard,Close Your Eyes, And Buy – WSE Pro
Bears are convinced that this is the top to end all tops. Either that, or they’ve capitulated and left the game completely. Bulls are nervous and are expecting, even hoping, for a correction. But from this vantage point, there doesn’t appear to be much basis for one, and in fact, our stock screens are...
Read More »
Fed Moves In Mysterious Ways – WSE Pro
The Fed continued its mysterious behavior on Thursday, pulling a reverse repo out of its hat for the first time in ages. The Fed did only $3 billion in 14 day repos, an unusually small number for the regular 14 day. Then they added a little icing to the cake with $5.25 billion in...
Read More »
Fueling the Beast Part II
Following on the theme of yesterday’s post comes this article from Bernard Ber on China’s serious currency situation. China’s pegging policy is creating a multi-fold fiasco: 1. They have no control over their money supply, and an inflation issue to boot. 2. They have a raging out of control speculative climate, including a...
Read More »
Ben Earns His Chopper Pilot Stripes – WSE Pro
Thanks to an immense helping hand from Uncle Ben and the Fed, the market has once again broken through a key trend resistance level on its way to still higher intermediate price projections. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days....
Read More »
Fed Takes Unprecedented Actions – WSE Pro
In actions that are unprecedented, at least since the days immediately following 9/11/01, the Fed added a net of $16.5 billion to the market, and scheduled another $18 billion to be injected on Monday. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty...
Read More »
What Fuels the Beast?
There are lots of snippets out there that illustrate that the increases in revenue being witnessed is little more than pure unadulterated inflation. Tucked away in Japan’s latest import-export report was this reference to “value”, another polite code word (like “liquidity”) for price inflation. Note that actual volumes were down, which confirms what I...
Read More »
Tantalizing Hints – WSE Pro
The market continued to tread water near the highs, lacking the impetus to break through resistance, but with enough liquidity around to keep prices from falling. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find...
Read More »
Fed Leans Against Tide of Treasury Paydowns – WSE Pro
The Fed withdrew a net of $4.5 billion from the market on Tuesday doing $4.5 billion in 9 day repos against expirations of $8.75 billion. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the...
Read More »
Canards Shifting Strategy?
One of the chief canards of the Ministry of Truth misinformation game is the National Association of Realtors (NAR). Releases from the NAR typically afford the cognoscenti another chance to game the housing sector. The NAR almost always pulls out a number from their hat that “pleases” the bulls.
This morning however the NAR seemed...
Read More »
WSE Pro Bellwethers Update 4/24/07
The charts show the status of 22 large cap bellwether stocks in a representative sampling of leading industry groups. The charts include 13-week cycle centered moving average projections. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
Read More »
“Lendron”, The Dollar (Ponzi Swoon?)
New article up at iTulip: “Say Hello To ‘Lendron’“, discussing propagation of the housing finance breakdown out of subprime, and the negative-amortization scam.
Read More »
Stall Or Pause to Refresh? WSE Pro
The rally stalled on Monday, remaining below intermediate price projections, but several of those projections pulled back. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full...
Read More »
Fed Steps In Where FCBs Fear To Tread – WSE
The Fed added a net of $5 billion to the market on Monday doing a permanent coupon purchase for the second day in a row, this time for $1.78 billion. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that...
Read More »
WSE Pro Dollar Index and Bond Yields Update 4/23/07
Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro subscribers only). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s...
Read More »
Overlooking “Small Details” or Emerging Reality?
China’s stock mania has shifted into another high gear as shoeshine boys all over the country rush to open gambling club accounts. Any attempts by authorities to stem this have been shattered so far, as over the weekend they failed to act on any new moves. I suspect it is coming, but they may...
Read More »
Radio Free Wall Street
Most Recent Economic Charts
Wall Street Examiner Exclusives
-
Rumors and Denials of Rumors
-
Winter Covers Shorts; Maladjusted US Economy Seems Good Because of European Capital Influx- Free Podcast
-
Three Critical Industries Now in Serious Capital Destruction Mode
-
The Deeper Meaning of the Facebook Flop
-
Weakening Federal Withholding Tax Collections Do Note Bode Well For Employment
Wall Street Examiner Contributors
Lee Adler
Newswires
Aaron Krowne
AG's Nightmare
Belisarius
Bruce Krasting
Charles Hugh Smith
Consumer Metrics Institute, Inc.
David Zeiler
Diane Alter
Dr. Kent Moors
Dude
Economic Perspectives from Kansas City
Frederick J. Sheehan
Frederick Sheehan
Jaime Levine
Keith Fitz-Gerald
Mark McHugh
Martin Hutchinson
NY Fed | Permanent Open Market Operations
Pretzel Logic
Russ Winter
Shah Gilani
Steve Northwood
The Implode-o-Meter Blog
Treasury Auction Results
Treasury Offering Announcements
William Patalon III
RSS Feed
Copyright © 2012 The Wall Street Examiner. All Rights Reserved.
Magazine Premium created by Themes by bavotasan.com.
Magazine Premium created by Themes by bavotasan.com.
Recent Comments