I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Radio Free Wall Street
Posts Tagged ‘ Economics ’
Our Counterfeit Economy
The U.S. economy is in effect a counterfeit economy, living on money created from thin air that is unbacked by an equivalent productive expansion of surplus value.
Yesterday we looked at counterfeiting and money printing and discovered they are on...
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NAR to revise estimates of existing home sales
NAR will revise down their estimates of existing home sales
The National Association of Realtors, which publishes the monthly report on sales of previously occupied homes, said it will release revisions to home sales for 2007 through 2010 and for the...
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Mosler Economics
Anyone familiar with Mosler Economics? Is it worth the reading?
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Economics and genealogical research
I guess most people already know something I learned today. I did a few minutes of genealogical research on a free website where they have old census data posted and learned that, at least in the 1920 and 1930 censuses, my ancestors lived in household...
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ECRI Data: Recession Probability Remains High
ECRI Data: Recession Probability Remains High
November 18, 2011
The latest release of the Economic Cycle Research Institute’s (ECRI) Weekly Leading Index weakened slightly, falling to 121.8 from last week, resulting in the all important annualized...
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The Truth About ECRI’s Black Box, And Lakshman Achuthan’s Attacks On Wall Street
The Truth About ECRI's Black Box, And Lakshman Achuthan's Attacks On Wall Street
Dutch_Book, Stone Street Advisors|Nov. 11, 2011, 8:43 AM|1,950|20
Monday Lakshman Achuthan of ECRI (who I am still convinced is just Jeff Goldblum in a bald cap doing t...
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Home Prices Still Falling. And It’s Not Just Foreclosures
Home prices are highly seasonal, due to the different mix of homes that sell at different times of the year, but the latest reading for September shows home prices are under added pressure now; this is not just due to the high concentration of distr...
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First Time Unemployment Claims Increase But Less Than Usual
“Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up,” trumpeted the AP, in a news item picked up by news organizations across the US and the world. There’s just one minor problem. First time claims actually increased by 9,361. The AP, and everybody else,...
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My real time reactions to Bernanke’s performance
My real time reactions to Bernanke's performance, and the pathetic performance of financial journalists. http://blogs.wsj.com/economics/2011/11/02/live-blog-ben-bernankes-november-
press-conference/tab/comments/
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MBA: Mortgage Purchase Activity "near 15-year lows"
Wednesday, August 31, 2011
MBA: Mortgage Purchase Activity "near 15-year lows"
by CalculatedRisk on 8/31/2011 07:13:00 AM
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey
The Refinance Index decreased 12.2 percent from the...
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Second Recession Could be Much Worse than the First
If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.
Given the tumult of the Great Recession, this may be hard to believe. But the economy is...
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U.S. Housing Crisis Now Worse than Great Depression
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began i...
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You Cannot Have Capitalism Without Failure
Capitalism is an approach to economics that is organic. Self-interest drives individuals to pursue wealth. Through entrepreneurship and hard work and ingenuity, an economy morphs into existence. Capitalism is the ultimate meritocracy; the smartest ...
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Prime U.S. Mortgage Foreclosures Hit Record
For years we've heard about the horrendous problems with subprime mortgages....Well, now even PRIME mortgage foreclosures are at record levels...
Homeowners are falling behind on their mortgage payments as job cuts make it difficult for them to cover ...
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Hey Economics Professors, Teach Our College Kids The Truth and Level With Them
I will give a pass to bulls, or should I say gamblers, that have played this "Stairway to Heaven" rally which has pole axed anyone with negative thought. And I will give a pass to bears, gamblers, that have tried to guess when this stoopid rally will e...
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Collapse of Occult Economics and US$ Based World
I see bad libor rising
I see trouble on the way
I see market crashes and (near) defaults
I see bad times today
Don't go 'round tonight
For it's bound to take your cash
There's a bad libor on the rise
Ex-Fed Chairman Greenspan has been accused of occ...
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Radio Free Wall Street 2/24/10
Russ Winter and Lee Adler unspin the ConCon data, the Lying Economic Indicators, the Case Chiller, new house sales, and the revival of a dangerous Treasury borrowing program. Also we debate homebuilder economics, and Russ talks about the problem with inventories, and the FDIC.
Not a subscriber? Click here to hear a free...
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Austerity
Irwin Seltzer writes in the WSJ, and echoes clearly the problem with bailout economics and moral hazard. There is an interesting marker provided in this article by Lindsey Group that might be useful in determining what true, sustainable austerity would be for Greece: a 10% cut in the total budget. Greece is trying to sell a...
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Freedom’s Idealogical Mansion
By Jorma (Stool Pigeons Wire) December 21, 2009 – The relentless lowering of the top tax rates and capital gains rates and the effective corporate tax rate has been causal of everything the critics of the status quo rail at. Not tangential, causal. This is the ideological divide that cannot be crossed. The free...
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Links for 2009-07-03 [del.icio.us]
- To Dennis Kneale: You're An Idiot - The Market Ticker
There are two types of recessions, if you happen to know more about economics than you knew about options a year ago, when you were caught asking on the air "what's the VIX?" The types of recessions are inventory driven recessions, the most common,...
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When Interests Collide
I followed the rules as I always have. Stephen Friedman, on his purchase and previous holdings in GS2500 years ago Euripides observed, Whom the Gods would destroy, they first make mad. Having risen beyond the confines of the rules of men, big finance, forgetting that the rules of true finance and economics apply to...
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Is that an echo?
How funny to come across a similar view.The late twentieth century was the heyday of deductive economics. Talented and facile theorists set the intellectual agenda. Their very facility enabled them to build models with virtually any implication, which meant that policy makers could pick and choose at their convenience. Theory turned out to be...
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