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Radio Free Wall Street
Posts Tagged ‘ Mainstream Media ’
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...
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The Trouble With Case Shiller, Again
The Case Shiller housing price index was released this morning and, as usual, it’s getting lots of media attention. I have no problem with that, except for one minor detail. It is a worthless and misleading indicator of current housing market conditions. Back in 2010 I wrote a public article called The Trouble With...
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Tomorrow Is A Big Day – Why Fed Should Not Act
Tomorrow is a big day, with the FOMC announcement and the Fed revealing what it wants you to think about what it thinks it’s going to think it wants you to think. Or something like that. This Fed “tranparency” thing has been covered to death in the mainstream media. I think it’s another utter...
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You Can’t Fool Mother Nature For Long: Profiting from Sickcare
Sickcare, the fast-food/packaged food industries, the entertainment industry and the Marketing/Mainstream Media complex are all facets of one system.
In America, the implicit belief system promoted by marketing is that you can eat anything you wan...
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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...
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President Obama, Demopublican
President Obama's signal accomplishments could easily have been signed into law by a moderate Republican.
The corporate Mainstream Media depends on ideological differences to generate "news" and advertising revenues, and the Status Quo depend...
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SPX and Euro Updates: Still No Change Since Thursday
There's been no material change in the counts from as far back as last year (always wanted to say that). The market remains balanced at a short term pivot point, and there's literally been no change at all since the updat...
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Should You Worry About Europe’s Back Door Bank Run?
On Wednesday, Fitch Ratings Inc. downgraded its credit ratings on five of Europe's biggest banks, and while that decision made headlines, it's not the most important story to come out of Europe this week.
The real story, which the mainstream media is neglecting, is that there are...
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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....
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The only mafia boss in history…
UK Parliamentary Commission of Inquiry member Tom Watson just told James Murdoch that he must have been the first Mafia boss in hisory who didn't know that he was running a criminal enterprise.
And let's not forget, you can't vote these guys off any ...
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Mainstream Media is Clueless about Occupy Wall Street
Mainstream Media is Clueless about Occupy Wall Street.
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Bad Moon Rising
As politicians and central bankers around the world desperately try to keep their debt drenched ponzi scheme going for awhile longer, the mood darkens among the populations of developed countries around the world. I came across a quote from, of all ...
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The Truth Is Going Global
A chance encounter with a night clerk in Paris offers insight into the power of truth and the World Wide Web.
Amidst the endless flood of propaganda ("there is no recession, Europe is about to fix all its problems in one fell swoop, a new Bull mar...
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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...
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VIX and SPX Updates: The Market Weighs Its Options
If Shakespeare were a stock trader, he might poetically state that the market since August has been "full of sound and fury, signifying nothing."
Despite a fair amount of bullishness from the mainstream media, all this ra...
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Mainstream Media is Clueless About Occupy Wall Street
Occupy Wall Street has now gotten the attention of the people who control this country. Accordingly they are rolling out the Ministry of Truth to try and interpret what it is all about. Immediately the discourse turns to trivial two-party partisanship matters. The remarks are just ridiculous and sickening, including that this is a movement to reinvigorate...
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Mainstream Media is Clueless about Occupy Wall Street
Mainstream Media is Clueless about Occupy Wall Street.
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Yes, Ezra, There Is No Santa Claus
Ezra Klein asked (and answered) in the Washington Post today, “Why are the markets down today? No reason.” What would you expect him to say? He’s a mainstream media journalist, and therefore, by definition, clueless. I took a moment to answer his rhetorical question/answer with the real explanation (as I see it) in the...
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There Will Be No Hyperinflation
Gary North is basically saying that everyone would blame the Fed for hyperinflation, so they won't be stupid enough to allow it to happen.
"Ben Bernanke is under fire as no FED chairman ever has been. The critics are in the millions. This is historica...
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Fed Mirages Have Media Seeing Things
Today’s report on factory orders is just another example of why all media reported data must be taken with a grain of salt. Here’s how Marketwatch put it. “Orders for goods produced in U.S. factories rose 2.4% in July, the Commerce Department reported Wednesday. Economists surveyed by MarketWatch expected orders to rise a seasonally...
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Durable Goods Devil In The Details And The Big Picture
“Durable Goods Orders Rise 4%,” blared the headlines this morning. There was just one minor problem with that. It was not true. It represented the seasonally adjusted, massaged, and manipulated number, which bears no semblance to reality. The mainstream media always reports just the seasonal hocus pocus while ignoring the actual number. That actual...
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“Not Bad” Economic News Not So Good Either
This article was originally sent as a Wall Street Examiner Email Bulletin, yesterday. The economic news has been better in recent days, that is if you confine yourself to reading the stories in the mainstream media. Beneath the surface, the data reveals a subtle, not so obvious deterioration. It can not be seen in...
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We know the Mainstream Consensus is wrong, BUT….
We all know the mainstream consensus is wrong, but what about the non-mainstream consensus? Maybe it's equally misguided.
There are a variety of consensus views floating around the Mainstream Media and the blogosphere. The two sets of consensus don'...
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Industrial Production Signals Imminent Bear Market
The big story of the US economic “recovery” has been rapid industrial growth, at least according to the mainstream media. Unfortunately the story, which hasn’t been true for the past 10 months, is now beginning to fall apart. The problem here is momentum, just as it was with yesterday’s retail sales report (Retail Sales...
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Radio Free Wall Street Daily Shorts
This week we are trying a new format, 3 short podcasts of 12-15 minutes each today, Wednesday, and Thursday. In today’s podcast, Lee Adler and Russ Winter discuss the government’s looming budget catastrophe, far worse than anything being re...
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You Can’t Fool Mother Nature For Long: Mainstream Media
The Corporate Media in the U.S. is a handmaiden to the Financial and Political Elites, issuing simulacra of "news" and "analysis" in service of the Status Quo. If there is any America "industry" ripe for widespread discrediting, it is the U.S. Cor...
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