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ISM Numbers Are Weak Before QE3 Cash Begins To Flow

Updated 12/3/12 The October headline seasonally adjusted aggregate Purchasing Managers Index reading of 49.5 fell far short of the consensus expectation of 51.2. I track the not seasonally adjusted ISM Manufacturing New Orders index as the kernel of the measure of manufacturing conditions in the US. It  fell from 61.8 in October to 53.3 in…

Homeless- James Howard Kunstler

     Even if the so-called economy were “recovering,” the people of the USA would be stuck in a physical setting for daily life that has no future – the nightmare infrastructure of subdivision houses, strip malls, and WalMarts, all rigged up for incessant motoring. Of course, the so-called economy is not recovering because there…

SPX Update: December Means It’s Time to Start Throwing "Santa Rally" in the Title… Pretzel Logic

Will bulls get their Santa Rally?  Let’s look at the evidence…

Last update noted that some new intermediate buy signals had triggered and expected that the rally still had/has further to run.  Friday appeared to be a triangle consolidati…

Hot air Rises Above on CNBC : CJR

Rise Above, if you’re among the 99.95 percent of the country who don’t watch CNBC on a given day, is the network’s campaign against the government for not putting “politics” aside to come to a budget agreement that’s to the stock market’s liking. It’s also an unlikely crusade, as I noted last week, from a…

A Thousand Bucks Buys You a Lot of House Right Now | DepartmentofNumbers.com

From  Department of Numbers The chart below shows the increasing amounts of money you’re able to borrow on a 30-year fixed rate mortgage with a $1,000 payment since 1971. I’ve been meaning to create this chart since I saw Matt Yglesias’ post last month on the buying power of $1,000 over the last few years. As…