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Economic and and financial news and analysis

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.

Worst Case Scenario Response – Here’s the best case. But how likely?

Earlier today I asked, “So let’s take a contrarian view. What’s the best case scenario. Thoughtful responses get posted on WSE. Since everybody expects the worst, how might “everybody” be surprised? When all the experts say the same thing, remind me, how often are they right?” The learned Jimi gave the following response: Best case…