Posts By Lee Adler

Wall Street Examiner exclusives

Now and Then Donald Trump

Then- Global warming is a con Now- Global warming is a real problem Then– Mitt is a choke artist Now- Welcome to my cabinet, Mr. Secretary of State. Then- Hillary’s a crook. I will put her in jail. Now- We will not investigate Hillary. I want to help her heal. Then– We should torture terror…

Bubble Trouble At US Banks

Money supply maintained its rapid growth in October, with the annual growth rate rising to 8%, the fastest growth since a brief surge at the end of 2012. This suggests bubble dynamics are at work. The Fed hasn’t tightened yet. Speculative behavior has been raging. Speculative lending is growing rapidly. This is unhealthy and will…

Key Industrial Indicators Say US Is Still In Long Term Depression

Last week we reviewed US industrial production (IP) and saw that it has been contracting for more than a year. The IP indexes represent the production of factories, mines, and utilities in unit volume, not dollar sales, both by total output and output by industry. While these indexes do not represent service industries directly, they do indirectly…

Single Family Housing Still Deep in the Dumpster

The Wall Street Journal claimed in its PR release on housing starts last week that single family starts rose 8.1% in September to 783,000. This is what I call the headline or top line number. It the seasonally adjusted (SA), annualized, impressionistic representation that economists and statisticians have cooked up to depict the trend. For…

Wall Street Journal’s Housing Reporting Is Not News Reporting- It’s Marketing

First let’s go to the slant. The Wall Street Journal spun the tall tale that “U.S. Existing-Home Sales Rebounded in September.” The Journal also claimed that the “Rise ends two-month slide as housing sector shows signs of stabilizing.” As for the facts, I can only say that either the Wall Street Journal’s reporters have no clue how to read…