Tag Archive for Nonsense

Factory Orders Fell in April Says Census Bureau, But Did They Really?

New orders for manufactured goods in April, down three of the last four months, decreased $2.9 billion or 0.6 percent to $466.0 billion, the U.S. Census Bureau reported today.  This followed a 2.1 percent March decrease.  Excluding transportation, new orders decreased 1.1 percent. http://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf OK, let’s get all excited, before we remember that this is seasonally adjusted nonsense that makes…

Just the Facts M’am, Just the Facts- A Brief Liquidity Summary

A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest of getting caught up, I’m presenting a condensed version of the Fed Report tonight. It includes just the main components of the macro liquidity indicator (which I suspect is probably all…

Initial Jobless Claims- Just a Disturbance In the Force or Change of Trend?

Weekly initial jobless claims actually were down by approximately 16,000. That’s the actual not seasonally fudged number taking into account the fact that these are actual counts that are always revised up when complete data is in. I ignore the seasonally adjusted fictitious number, and have included an adjustment of +7,000 to the number reported in…

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 Presidente…