A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Business Inventories in US Rise at Slower Pace as Sales ClimbBloombergBusinesses in the US rebuilt inventories in March at the slowest pace in four months as sales climbed, indicating orders to American factories will continue to increase. The 0.3 perc...
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Sydney Morning HeraldFOREX-Greek woes drag euro to near 4-mth lows; Aussie dipsReuters* Euro falls below $1.29 to lowest in nearly 4 months * Political risk factors to undermine euro * Aussie dips below parity, hits 5-month low By Anirban Nag LONDON, M...
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Some tweets on the housing data.
Lee Adler @Lee_Adler actual inventory to sales ratio at 4.5 lowest since Aug 05. http://pbckt.com/pA.RnqWlY
Lee Adler @Lee_Adler NSA inventory revised down each month Nov to Feb. Completed units revised dow...
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Job one for the US Treasury and its Primary Dealer enforcers is to keep yields low during weeks when the Treasury has a big load of notes and bonds to sell. Next week is one of those weeks, so the casino owners and managers will do what they can to gin up reasons for...
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The mainstream financial media is widely misreporting the NAR’s Pending Home Sales data this morning, simply parroting the NAR’s seasonally manipulated data. As it turns out, the NAR is screwing its own pooch because the actual, not manipulated data is actually much better than the seasonally smoothed numbers imply. That’s not to say sales...
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Case Shiller is finally catching up to the carnage I have been reporting in the Wall Street Examiner Professional Edition Housing Reports since last August, which is when the damage first became apparent in listings data. Case Shiller imputes multiple ...
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I made a little chart yesterday for a free podcast that I didn’t have time to post over on Radio Free Wall Street. I’m discovering that it’s a lot quicker to type a post than it is to talk about an issue for a few minutes and then produce a decent sounding podcast. But...
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