Tag Archive for Mainstream Media

Correa’s and Ecuador’s Success drive The Economist Nuts- William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. By William K. Black (Cross posted at Benzinga.com) Ecuador’s President Rafael Correa has the special ability to drive our most elite media nuts.  Failures are self-refuting.  It is the successful that drive their opponents to distraction, and much of the…

Mainstream Media Gets It Wrong- In Coincidental Truth Telling, NAR PR Shows House Market Strengthening

NAR data for May confirms earlier data from CoreLogic, Dataquick, and Department of Numbers.com that housing prices continued to make new 12 month highs in May and that, contrary to the mainstream media portrayal, the housing rebound is not “uneven” or slowing in any way. Below is the full unexpurgated PR from the NAR. While…

Regardless of Which Way Bernanke Panics Next, The Ending Won’t Be Happy

Once again the mainstream media boohooed over a false and misleading seasonally falsified industrial production number, bemoaning that the SA number was down 0.4% month to month in May. They are playing into the Wall Street mob’s desire for manna from Ben next week. It’s totally bogus, supported only by false and misleading SA data, not the real activity.

ZIRP Bernankecide compounds problem of Baby Boomers losing inheritance, going broke supporting destitute parents- Video

For a 61 year old contributing to the support of a mother with Alzheimers, whose savings have been wiped out earlier than expected by ZIRP Bernankecide, the piece below from the WSJ hit home. What the article does not mention, not once, is the role that ZIRP Bernakecide plays in this unfolding catastrophe. The WSJ…

Unemployment Claims Like Barbecue- Lower But Slower

While the mainstream media was reporting that jobless claims were steady last week, the real picture was more nuanced. The media reports only the seasonally smoothed  number, which can obscure what’s really going on and is often late in recognizing trend changes because of the inherent smoothing. I liken it to Impressionist Art. It’s an…

The Conomy Game- The Legend of Bennie The Beard, Henry the Hitman, and the Gangbankster Dealers

The shape of recent economic data trends reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the stock market and the conomy. It’s also a story of the twisted personalities behind the facades of institutional power. This is not something that you will read in the mainstream…