A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Pundits ’
JPMorgan’s soap opera makes clear that Wall Street is detached from reality – Washington Post
New York TimesJPMorgan's soap opera makes clear that Wall Street is detached from realityWashington PostJamie Dimon was right about one thing: The embarrassing $3-billion-and-counting trading loss at JPMorgan Chase has played right into the hands o...
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Just How Bad Is This Week’s Unemployment Claims Data? Not Bad At All
The mainstream media today reported an increase in initial jobless claims this week to 380,000, an increase of 13,000. This was another huge miss for the consensus of conomists, where the central tendency of expectations was for 359,000 initial claims. The conomic establishment continues to prove its worth week in and week out. The...
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Strongest Retail Sales of the Century, But Pundits Fail to Blame Weather
As was typical of this morning’s reporting on the Commerce Department’s advance retail sales release for February, Marketwatch (Dow Jones) reported that the 1.1% gain (seasonally massaged) was the fastest in 5 months. It missed their consensus expectations, but only by a tenth of a percent. Bloomberg also touted the gain as the biggest...
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This Is Small Business in America: Burdened, Crushed, Doomed
If you make it increasingly costly and risky to open a small enterprise, then no wonder unemployment remains high.
You hear a lot about Kafkaesque stifling bureaucracy in Greece and other struggling European nations, but America's Status Quo is tr...
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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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Liquidity Is Bullish Is All
Those who don’t know me well have sometimes accused me of being a permabear. Those of you who do know me via these reports know that I always strive to be just like Faux News, “fair and balanced.” I think this week’s report exemplifies that high ideal. It’s as bullish as I’ve ever been,...
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About Those 8 Million "Lost" Jobs
Time and again you hear pundits say that what the U.S. experienced in the last decade was a terrible boom/bust cycle for the housing and credit markets. But then, almost in the same breath, they oftentimes say the nation must do whatever it can to g...
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Did the ECB Pull Off a Back-Door Bailout that’ll End the Crisis?
Yields on short-term peripheral sovereign bonds are plunging, despite the fact that EU leaders appeared to make little progress at their highly-anticipated summit last week.
Pundits continue to expound on the flaws of the eurozone but markets are tel...
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Oligarchy, American Style
Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators!
Anyone who has tracked this issue over tim...
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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. ...
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Could Wall Street Protesters Cause a Run on the Banks?
We hear the cries each day, “the movement is growing”, “this is unstoppable” etc… Some pundits and participants within the OWS movement have even called for the average American to take their money out of big banks and move them to either ...
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September Federal Budget Shortfall Defecates On America
The real time Federal Income Tax Withholding data began to signal to us in early September that the economy was beginning to snap back from what appeared to be a collapse in August. Subsequent economic data has borne that out. This “recovery” of economic data has provided pundits with the ammo they need to...
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Commodity Prices Headed for a Huge Drop
Minyanville > Markets
Commodity Prices Headed for a Huge Drop
By Erik Swarts Sep 30, 2011 2:40 pm
We may be at the back end of a historic super cycle in commodities, and the decline will help businesses and consumers while devastating emerging eco...
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Not Hiring: The Untold Story of Small Business in America
Small business isn't hiring, and the reasons are invisible to those without any real-world small business experience.
Most of the discussions about boosting hiring and employment are detached from the realities faced by actual small-business employ...
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Bloody September
The following paragraphs are free excerpts from today’s Wall Street Examiner Professional Edition Treasury update. The subscriber link to the complete report is below. As I estimated last week, the Treasury needed more cash than originally scheduled, or originally forecast by the TBAC. It announced a big cash management bill on Monday, and another...
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Descended From Apes, Acting Like Slime Molds
Aug. 18 (Bloomberg) -- As we lurch from one high-stakes political drama to another, it is natural to wonder why societies aren’t better at avoiding self-inflicted crises. Here in the U.S. earlier this month, the government barely dodged default, e...
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The No. 1 Way to Profit as the Price of Gold Soars Into Record Territory
On Monday, debt fears on both sides of the Atlantic sent gold above the $1,600 level for the first time ever.
The yellow metal has risen steadily since the start of 2009, when it was trading at a bit less than $900 an ounce.
And gold's...
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The Unwisdom of Elites
The past three years have been a disaster for most Western economies. The United States has mass long-term unemployment for the first time since the 1930s. Meanwhile, Europe’s single currency is coming apart at the seams. How did it all go so wron...
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The Plight of the Working Class
Here's the letter from one of Mauldin's readers. Click on the link for Mauldin's response...
".... I would like to get something off my chest. I would like to know why you seem to side with those analysts who keep telling us that the only way we ...
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Why Small Business Isn’t Hiring and Won’t Be Hiring
The latest from Charles Hugh Smith...
Pundits and politicos promote a magical myth: a coming small business hiring boom. That fantasy is completely disconnected from the harsh realities of private enterprise.
Regardless of their ideological persu...
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Economic Charts- Factory Orders, the Stock Market and the Fed
Economic pundits and the Wall Street captive media are fond of telling people that the stock market is a discounting mechanism and that it leads the economy. I’m just as fond of showing that the market does neither. Both the market and the economy are mechanisms that respond to changes in macro liquidity. The...
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Post Governmentus Interruptus, Housing Market Sags- Professional Edition
The Mortgage Bankers’ Ass. is closed this week, hence there was no release of the Mortgage Applications Index, the best real time housing demand indicator. However, this week we do have the lagged data from the worst housing indicator in the world, Case Shiller, as well as the almost-as-stupid Pending Home Sales Index from...
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Pending Home Sales Cow Patties
Here’s what Bloomberg had to say about this morning’s reported jump in pending home sales (signed sales agreements). Pending sales of U.S. existing houses unexpectedly jumped by a record 10 percent in October, indicating the industry at the center of the last recession is stabilizing as the job market improves. Allow me to phrase...
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One of these pundits is clueless. Dr HB versus…
Apparently, we live in a smoke and mirrors society...
Foreclosure Delay Poses Risk
Wall STreet Journal says:
As politicians step up their interventions to slow down the pace of foreclosures amid concerns about widespread document fraud, economists ...
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Take My Stock Sunday…And This Weeks Stoopid Award
Futures are open so the forex traders can get their fix in for several hours. I predict next week the pundits will be falling all over themselves as the "price target" competition starts again since we are going up. I'm sure there will be several Stoo...
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"I Hate Pundits"
First, watch out for "Jackson's Hole" today if you are bearish.The assembling of several plutocratic psychopaths in one room in a quiet location is a frightening thought. Just think back a decade ago or two for those who have been around a while. Ain'...
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