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Economic and and financial news and analysis

Sandusky and How Things Work |

by Jorma The Sandusky thing represents a broader aspect of how things work. To wit those at the top of powerful institutions, governmental, corporate, military or any other are protected by the institution and all its members. In addition government legal powers are taught to steer clear of those powerful institutions. Sandusky was protected for…

Mainstream Media Gets It Wrong- In Coincidental Truth Telling, NAR PR Shows House Market Strengthening

NAR data for May confirms earlier data from CoreLogic, Dataquick, and Department of that housing prices continued to make new 12 month highs in May and that, contrary to the mainstream media portrayal, the housing rebound is not “uneven” or slowing in any way. Below is the full unexpurgated PR from the NAR. While…

Latest Lagging Government Housing Index Confirms New 12 Month High In Median US Home Price

FHFA Press Release- Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 1.8 percent increase in March was revised downward to reflect a 1.6 percent increase. For the 12 months ending in April, U.S.…

Regardless of Which Way Bernanke Panics Next, The Ending Won’t Be Happy

Once again the mainstream media boohooed over a false and misleading seasonally falsified industrial production number, bemoaning that the SA number was down 0.4% month to month in May. They are playing into the Wall Street mob’s desire for manna from Ben next week. It’s totally bogus, supported only by false and misleading SA data, not the real activity.