Lee Adler

Central Banks Made Lousy Jobs, Soaring Tax Collections, Bad For Most, Good For Bubble Markets

In this September 8, 2014 video for Radio Free Wall Street, I talked about why I thought the ECB programs would fail to boost its balance sheet or achieve its goals of boosting inflation or the European economy. I also about the central bank tag teams keep the markets afloat, about why jobs data doesn’t matter to the market trend, and finally what real time tax collections can tell us that lagged, manipulated economic data can’t. It’s all wrapped up in an eye opening 12 minutes that should make you say, Damn!” Or at least “Dang!”

This video was originally published for Radio Free Wall Street subscribers on September 8, 2014. To see the latest videos in real time, subscribe here. Go behind the paper curtain of Wall Street propaganda and get the facts.

See more videos from Lee Adler on The Wall Street Examiner Channel on Youtube.

Bulls Coming To Thanksgiving Dinner

The market got ready for the holiday with a minor consolidation as it pushed against resistance around 2075. If it clears that, it’s poised to be off to the races again. This report covers the likely targets, and key benchmarks that could signal a change.

For Whom The Consumer Confidence Bell Tolls

Consumer Confidence Long Term Trend- Click to enlarge

The trend is your friend, but maybe not when it extends to meet a secular downtrend. That’s what the Consumer Conference Board’s Consumer Confidence (aka the ConCon Con) Index showed today. It shocked Street conomists, whose consensus guesstimate was a reading of 96. Instead it came in at 87. I see little value in this…