Economics

Even With Growth, New Home Sales Still In A Depression

New Home Sales- Click to enlarge

There seems to be lots of confusion about today’s Commerce Department release on new home sales. The report showed that new home sales were at a seasonally adjusted annual rate of 467,000. Part of the confusions stems from the fact that that is a completely bogus, made up, fictitious number in the first place. Seasonal adjustments are…

Initial Claims Stay At Bubble Record Lows, Is This Time Different?

Initial Claims and Stock Prices- Click to enlarge

The headline, fictional, seasonally adjusted number for initial unemployment claims came in at 283,000, very close to the Wall Street conomist crowd consensus guess of 285,000. That was a non event. The actual, not seasonally finagled numbers, which the Wall Street captured media ignores, shows claims continuing at all time record levels on the basis of claims per…

Initial Unemployment Claims Warnings Just Keep On Coming

Initial Claims and Stock Prices- Click to enlarge

The headline, fictional, seasonally adjusted number for initial unemployment claims came in at 264,000, thus shocking the Wall Street conomist crowd, whose consensus guess was for 290,000. Bloomberg reported that not a single conomist in their survey had guessed that the number would be that low. Even the phony numbers continue to run red hot.…