Economics

Yet Another Record Low In Initial Unemployment Claims Screams Danger

Initial Claims and Annual Rate of Change- Click to enlarge

The actual unmanipulated data on weekly first time unemployment claims paints a picture of a US economy that is in a bubble that is boiling over, driven by the massive central bank money printing campaigns and ZIRP. The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 313,000. The…

Chart of the Day – Why Mainstream Financial Media Has Trouble Interpreting Abstract Impressionism

Existing Home Sales- Click to enlarge

If the mainstream media would just stop the silly nonsense of using seasonally adjusted (SA) abstract impressionistic data and then trying to explain it away, reality would be obvious. The headlines today said that existing home sales were down and then the Wall Street Jourbull tried to explain that away as a seasonal adjustment problem. Correctomundo!…

Jobless Claims Record Low String Accelerates As US Bubble Economy Boils Over

Claims and Stock Prices- Click to enlarge

The actual unmanipulated data on weekly first time unemployment claims paints a picture of a US economy that is in a bubble that is boiling over, driven by the massive central bank money printing campaigns and ZIRP. The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 283,000. The…

Warning! This Video May Cause Exploding Head Syndrome, Viewer Discretion Advised

This is a syndicated repost courtesy of Radio Free Wall Street. To view original, click here.

Lee Adler reviews a section of the January FOMC meeting minutes that nobody is paying any attention to. This section of the minutes shows clearly that the Fed is delusional. It will blow your mind.

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Today’s RFWS was absolutely outstanding. (I’m glad I actually watched this one rather than just listening while running.) When it comes to financial journalism, Lee, you remain an island of sanity in a huge sea of crap. Thanks.

Bob

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Initial Unemployment Claims On Trend, But The Canary Is Singing

Initial Claims and Annual Rate of Change- Click to enlarge

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 304,000. The Wall Street conomist consensus guess was 285,000. Rather than playing the expectations game, our interest is in the actual, unmanipulated data. Analyzing that is the only way to be sure that you are seeing what’s really going on. The…

Tons of Jobs That Nobody Wants or Can Fill – US Ratio of Hiring to Job Openings Hits Record Low

Capture

US businesses want to hire millions of workers. The only problem is that those businesses don’t want to pay those workers enough to entice them off their parents’ sofas. So the jobs listings grow, and mainstream media clowns like Joe (@TheStaleWort) Weisenthal go crazy over the numbers. This Bloomberg cartoon shows how far US financial “journalism” has…