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Economic and and financial news and analysis

Roach Says Hilsenrath is Real Fed Chairman – Video

Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and shows you the…

Media and Market Overreact As Usual to Weaker Housing Data

The mainstream financial media breathlessly proclaimed the worst housing data in x months this morning, on the release of the Commerce Department’s monthly new home sales data. I won’t go into the details of the reporting, which you have seen by now. I’ll just give you the facts and let you decide for yourself how…

Reports of Economy’s Demise Greatly Exaggerated

Lately the Wall Street establishment and its media handmaidens have been touting a weakening economy. That’s because they are focused on seasonally adjusted data that is simply wrong, due to the faults inherent in the seasonal adjustment process (See Initial Claims Actually Worse Than Reported, But Did Not Break Trend of Improvement). Follow the money. Find…

Initial Claims Actually Worse Than Reported, But Did Not Break Trend of Improvement

The Labor Department reported today that seasonally adjusted (SA) first time claims for unemployment were up by 34,000 to 386,000. Unfortunately, both the total and the change are categorically and demonstrably false, just like last week. The seasonal adjustment process applied to weekly data is the problem. As I reported last week (False Claims and…

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