Economics

Initial Claims Illustrate Fed Dependency on Undependable, Ignorable Data

Initial Claims and Annual Rate of Change- Click to enlarge

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 271,000. The Wall Street economist crowd consensus guess was right on the money. That happens on occasion. Instead of the seasonally manipulated headline number expectations game, we focus on the actual trend of the actual data. Facts and reality are much more useful…

Here’s Why WSJ New Home Sales Headline Is Technically Correct But Still Misleading- It’s Still A Depression

New Home Sales By Region- Click to enlarge

The Wall Street Journal is Rupert Murdoch’s PR organ for his Move Inc. subsidiary, which provides marketing services Realtors. The Journal put out a PR release yesterday that,” U.S. New-Home Sales Rise to 7-Year High.” While technically correct, it is nevertheless misleading, tainted by the paper’s tilt toward bullish pronouncements on housing, thanks to Move Inc.’s main client being the…

Wall Street Journal Prints Housing Whoppers As The Housing Industry PR Firm It Actually Is

NARsales

Rupert Murdoch’s News Corp. owns the Wall Street Journal and the housing marketing service Move Inc. Move Inc.’s main client is the National Association of Realtors. In sisterhood with Move, the newspaper is prone to printing outright, bald-faced lies about the state of the housing market in the US, whenever it thinks it can get away with it.…

Here’s Why Record Low Jobless Claims And Other Data Will Push Fed To Attempt Earlier Rate Jack

Initial Claims and Annual Rate of Change- Click to enlarge

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 267,000. The Wall Street economist crowd consensus guess was a little too high at 276,000, a non material difference. We have no interest in the seasonally manipulated headline number expectations game. Instead we focus on the actual trend of the actual data. Facts and…