Posts By Lee Adler

Wall Street Examiner exclusives

Wall Street Journal Regurgitates Misleading Government Data on Durable Goods

Durable Goods Orders - Click to enlarge

The Wall Street Journal today dutifully reported the Commerce Department’s seasonally adjusted data on Durable Goods orders in July, proclaiming: U.S. Durable-Goods Orders Rebounded in July, Jumping 4.4% However, the actual, not seasonally adjusted data tells another story. It’s easy to actual data to tell if the momentum of the business is gaining or losing…

The Economy Will Fluctuate

Electric Power Generation- Click to enlarge

Lest we get too bearish on the US economy in the short run, it pays to remember that even though the Fed has outlawed the business cycle, “the economy will fluctuate.” Contrary to the wisdom of JP Morgan, the stock market may not fluctuate, but the economy will. Unlike the good old days when economic cycles…