Economics

Initial Claims Show The Healthiest Jobs Market in History, Or Maybe Not

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 265,000, which blew out the Wall Street conomist crowd consensus guess of 301,000. The pundits had shaved 1,000 off  their guess after missing on the low side last week. My, my! Such pessimists! But my interest is not in the silly expectations game…

Here’s a Picture of The Single Family Housing Recovery- Holy Cow!

Single Family Housing Recovery- Click to enlarge

Here’s a brief comment from leading analyst on the new home sales news. http://capitalstool.com/music/holycow.wav In case you’re wondering, the seasonally adjusted (SA) headline, larger than expected gain, was due to calendar factors and the bogus drill of annualizing monthly SA data, which merely magnifies the monthly error times 12. But hey, who thinks about that!…

Initial Unemployment Claims Plunge, Remain Near Record Bubble Levels

Claims and Stock Prices? Click to enlarge

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 307,000, which was just a bit more than the Wall Street conomist crowd consensus guess of 302,000. The pundits had upped their guesses after missing on the low side last week. This was a virtual bullseye in the game of pin the tail…

It’s Easy As 1-2-3, ECB, SNB, SOTU and QE

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Lee Adler tells what to look for in the market in reaction to the State of the Union, the Swiss National Bank removal of the Euro peg, and the ECB’s expected decision this week to undertake QE.

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Here’s Why Initial Claims May Really Show “Houston We Have A Problem”

Initial Claims and Annual Rate of Change- Click to enlarge

The headline, fictional, seasonally adjusted finagled for initial unemployment claims came in at 316,000, which was significantly more than the Wall Street conomist crowd consensus guess of 290,000. Media pundits immediately blamed the miss on a bad seasonal adjustment factor. Apparently they heard my barrage of complaints yesterday about how they mishandled the retail sales number. The problem…

Financial News Media Reporting On Retail Sales So Bad, It’s Laughable

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I keep complaining to mainstream journos about their slavish devotion to the seasonally adjusted fictitious numbers put out in virtually all economic data releases. It does not matter that these releases also prominently report the ACTUAL, not seasonally adjusted data. The journos ignore it. Why? Because all their little journo friends ignore it. God forbid…

How Low Will Oil Go?

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Lee Adler takes uses long term charts and cycle projections to clearly show you where and when the bottom is most likely, and what to look for in a bottoming process.

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Today’s RFWS was absolutely outstanding. (I’m glad I actually watched this one rather than just listening while running.) When it comes to financial journalism, Lee, you remain an island of sanity in a huge sea of crap. Thanks.

Bob

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