Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today.

More Treasury Paper Dumping by the Truckload. It Could Mean Only One Thing…

As if the widening Federal Budget deficits forecast by the Congressional Budget Office (CBO) weren’t bad enough, the Monthly Treasury Statement for August released last week, revealed that things are even worse than even the CBO thought.

But are we surprised?

Heck no.

We have been tracking this disaster month after month, as we watch the US Treasury dump an ever growing supply of new paper on the market month after month

Now even the mainstream media is picking up the scent.

The normally restrained Bloomberg shouted it from the mountaintops in 45 point type:

The post More Treasury Paper Dumping by the Truckload. It Could Mean Only One Thing… appeared first on Lee Adler’s Sure Money.

CNBC Just Posted Fake Inflation News. Here’s The Real Story…

A lower than expected CPI release on Wednesday morning sent the stock market rocketing higher.

But has anything really changed?

And does it mean anything for our bearish stock market outlook and strategy?

After a quick glimpse at how the media handled it, we’ll take a deeper dive into the numbers to see what’s really going on, versus the Wall Street media narrative.

Click here to see

The post CNBC Just Posted Fake Inflation News. Here’s The Real Story… appeared first on Lee Adler’s Sure Money.

These Numbers Could Push the Fed to Do Something Stupid

The Daily Treasury Statement data for the end of month August showed some improvement in total tax collections, including a slight uptick in withholding taxes and an even bigger increase in excise taxes.

The numbers suggest that an early summer slowdown has ended. After the expected downward revisions in June and July jobs data, the August uptick in jobs was not a fluke. And the excise tax data suggests strong retail sales.

So, not an altogether bad summer – if you happen to be a politician or government taxman. But what about for investors?

Click here to see what to expect.

The post These Numbers Could Push the Fed to Do Something Stupid appeared first on Lee Adler’s Sure Money.