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...
Read More »
Radio Free Wall Street
Posts Tagged ‘ Economists ’
Economists Surprised Again By Unemployment Claims, Should Not Have Been
The mainstream media proclaimed an unexpected “beat” of the first time unemployment claims number today. The fake, seasonally fudged number dropped to 358,000 in the week ended February 4. According to Bloomberg, the consensus of economists’ expectations was for 370,000. Aside from the fact that whether economists get a forecast right or not seems...
Read More »
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...
Read More »
CBO REPORT – OMG!
The Congregational Budget Office (CBO) is out with its annual report. It’s a blockbuster. This 165 page monster is filled with dozens of charts, graphs and detailed projections. It will be talked about for weeks. The report provides a dismal outloo...
Read More »
New CBO report – Lower (not increase) the early retirement age!
At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry R...
Read More »
Retail Sales Not Too Bad
While the media was trumpeting a miss on retail sales, the truth, as usual, was somewhat different than the media message. The major media outlets reported that a 0.1% gain missed analysts’ consensus estimate of a gain of 0.3% for the month of December. As usual, the report was stated in seasonally adjusted terms,...
Read More »
Consumer Credit in U.S. Surged in Nov.by the most in 10 years
Consumer Credit in U.S. Surged in Nov.
By Meera Louis - Jan 9, 2012 3:21 PM ET .
Consumer borrowing (CICRTOT) in the U.S. surged in November by the most in 10 years, showing households are optimistic enough to take on debt and banks are willing to len...
Read More »
Empty Plastic
While economists and the mainstream media tried hard to get everyone excited by today's "better-than-expected" employment report (which included an unusually large and likely-to-be-reversed spike in hiring in the "Couriers & Messengers" category), t...
Read More »
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
Michael Shermer.
Wrong Again: Why Experts' Predictions Fail, Especially About the Future
Posted: 1/5/12 12:03 AM ET
With the first week of 2012 upon us it is time to reflect on that favorite pastime of soothsayers and scientists alike: predicting the...
Read More »
Signs Point to Economy’s Rise, but Experts See a False Dawn
December 21, 2011
Signs Point to Economy’s Rise, but Experts See a False Dawn
By ANNIE LOWREY
WASHINGTON — As the fourth quarter draws to a close, a spate of unexpectedly good economic data suggests that it will have some of the fastest and stro...
Read More »
The Growth of Degrowth Economics
The Growth of Degrowth Economics
Degrowth theory, whose supporters push policies to reduce economic activity and end our obsession with GDP, is gaining momentum in Europe and Canada. Will the movement reach U.S. soil?
What if we promoted policies ...
Read More »
The Debt Walkers Strike Back
Ilargi: It's very simple, but maybe that's the problem. For all I know it's just too simple for people to see.
There's a group of people, and it's tempting to call them the 1%, but they’re not really, since there’s politicians in there too who ...
Read More »
Supercommittee failure ‘may trigger US downgrade’
Economists are warning of dire consequences if US politicians fail to make progress this weekend in tense talks aimed at reducing America's massive deficit ahead of a Wednesday deadline.
Supercommittee failure 'may trigger US downgrade'
Read More »
Retail Sales Reports Give Me Gas
It just doesn’t get any more bullish than today’s retail sales report. Or so you would think if you only read the mainstream media reports. “More spending at online stores such as Amazon and electronics and applicance stores boosted retail sales by 0.5% in October, following a strong 1.1% surge in September,” shouted Marketwatch....
Read More »
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...
Read More »
ECRI Leading Index: Another Tick Higher
November 4, 2011, 12:13 PM ET.
ECRI Leading Index: Another Tick Higher.
By Mark Gongloff
ECRI
ECRI weekly leading index rolling growth rate. Click for big image.For the third week in a row, the Economic Cycle Research Institute’s weekly leading ...
Read More »
Unemployment Claims Data and Economists’ Exploding Brain Syndrome
With the mainstream media reporting the seasonally adjusted first time unemployment claims down by 6,000 it’s time for a reminder that this number is fake, and may or may not give an accurate representation of the trend. If it does, it’s purely a coincidence. Economists and financial journos are in love with the seasonally...
Read More »
U.S. Underclass to serve U.S. Ruling Class Forever
Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment. ...
Read More »
Make-Work and the G.D.P.
October 14, 2011, 6:00 am
Make-Work and the G.D.P.
By UWE E. REINHARDT
Uwe E. Reinhardt is an economics professor at Princeton. He has some financial interests in the health care field.
Suppose some evening a group of bored and mischievous teenagers...
Read More »
Why America Should Spread The Wealth
Many economists worry that making societies more equal through income redistribution or other means lowers economic growth. This “big tradeoff” between equality and efficiency, which is supported by comparisons of capitalist and socialist countri...
Read More »
Does The ECRI Cause Recessions?
Does The ECRI Cause Recessions?
by: Dr. Duru October 3, 2011
The Economic Cycle Research Institute (ECRI) released a report on September 30, 2011 with the ominous title: “U.S. Economy Tipping into Recession.” The ECRI provides its full report ...
Read More »
Retail Sales Reports Right, But For Wrong Reason
Bloomberg got it partly right when taking the gloomy view it reported that, “Retail sales in the U.S. unexpectedly stagnated in August as a lack of employment and limited income growth restrained demand, highlighting the risk the economy will stall.” Marketwatch took the glass half full approach, saying, “Retail sales were steady in August, as consumers...
Read More »
No Housing Bottom in Sight
Economic Intersection Article of the Week
Guest author: Keith Jurow is the author of the MVP Housing Market Report. This article was posted at Minyanville with the title "There Is No Housing Bottom in Sight"
At the e...
Read More »
A Closer Look at Romney’s Economic Plan
September 7, 2011, 5:29 pm
A Closer Look at Romney’s Economic Plan
By MOTOKO RICH
Now that we’ve had a day to digest Mitt Romney’s economic plan, Matthew Yglesias looks between the lines and finds what he calls an “agenda on social welfare pol...
Read More »
When Debt is Fraud, Debt Forgiveness is the Only Remedy
Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to event...
Read More »
ECRI: Not Quite A Recession Yet, But No Rebound Either
ECRI: Not Quite A Recession Yet, But No Rebound Either
Also Sprach Analyst | Aug. 29, 2011, 5:23 PM
Lakshman Achuthan, the economist at Economic Cycle Research Institute (ECRI), has been rather accurately in the past for calling the major turning poi...
Read More »
There Is NO Housing Bottom In Sight
At the end of June 2011, macromarkets.com released the results of a poll in which 108 leading economists and housing market analysts were asked to predict the direction of home prices from now until 2015.
All except four of them predicted that hous...
Read More »
Copyright © 2012 The Wall Street Examiner. All Rights Reserved.
Magazine Premium created by Themes by bavotasan.com.
Magazine Premium created by Themes by bavotasan.com.
SPX Update: A Discussion on QE3 and the Market’s Potential for Disappointment
Since "to QE3 or not to QE3" is once again the big question on investors minds, I'm going to share my thoughts on this before we get to the charts. The Federal Reserve Board meets next week, and as has become somethi...
Read More »