Editorial

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Mortgage Bankers Association Orders Wall Street Examiner to Cease And Desist

The Mortgage Bankers Association has sent me legal notice to “demand that wallstreetexaminer.com immediately remove all WAS data (Weekly Applications Survey) data, from its systems and cease and desist from further reproduction or distribution of all MBA data, past and present, in any format.” Follow the money. Find the profits!Liquidity is money. Regardless of where…

I Stand With The Protesters

I stand with the protesters. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader…

Home Sales Contracts Better than Media, NAR report

The mainstream financial media is widely misreporting the NAR’s Pending Home Sales data this morning, simply parroting the NAR’s seasonally manipulated data. As it turns out, the NAR is screwing its own pooch because the actual, not manipulated data is actually much better than the seasonally smoothed numbers imply. That’s not to say sales are…

Retail Sales Reports Right, But For Wrong Reason

Bloomberg got it partly right when taking the gloomy view it reported that, “Retail sales in the U.S. unexpectedly stagnated in August as a lack of employment and limited income growth restrained demand, highlighting the risk the economy will stall.”  Marketwatch took the glass half full approach, saying, “Retail sales were steady in August, as consumers spent…

If Wrongdoing Is Never Punished, Society Will Perish

I saw a headline today that said that 50 State Attorneys are “negotiating immunity for banks over foreclosures.” It brings to mind that the Justice Department has only prosecuted one criminal case out of this whole monumental historic credit fraud. In the S&L scandal of the 80s, there were thousands of prosecutions. Follow the money.…