Tag Archive for Myth

Consumer, Retail, Consumer Confidence, Stocks and Housing – Don’t Believe The Media Boilerplate Hype

This is an update of the permanent page of Retail, Consumer Confidence, Housing and Stock Price Charts which will be updated whenever new data is available. You can bookmark that page for future reference.  Updated June 6, 2012 Retail Sales and Real Retail Sales ex Gasoline Real retail sales, ex gasoline prices, and adjusted for inflation…

JPMorgan’s big loss: Was it hedging or betting? – Philadelphia Inquirer

Could misdirection over the meaning of a simple, five-letter word – hedge – be at the heart of the roiling controversy over JPMorgan Chase’s embarrassing $2 billion loss in European trading? CEO Jamie Dimon tried to quiet the storm at JPMorgan Chase & Co.’s annual shareholders’ meeting Tuesday… But proponents of stronger U.S. financial rules…

Our central bankers are intellectually bankrupt – Ron Paul in FT

by Ron Paul The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been rejected…

Durable Goods and The Stock Market, with The Fed In The Driver’s Seat

Durable goods orders rose 8.7% In February versus January on a nominal, not seasonally adjusted basis. The mainstream media reported only the 2.2% seasonally massaged increase, which missed the consensus expectation of 2.9%. The actual, unadjusted increase was the best February gain since February 2004, so the actual data could hardly be read as disappointing.…