“Consumer Confidence Rises to 4-Year High,” blared the Bloomberg headline in a font that really was that big. That’s just so wrong. So wrong. I mean, should we really be jumping up and down, shouting, “Hip Hip HOORAY! Hip Hip HOORAY!” Uh… no. Let’s look at the first key point that Bloomberg made. Household confidence…
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Contributors- Economic and Financial, Must Read
Dr. Bernankestein’s Latest Mad Monster Creation
by Aaron Krowne • • 0 Comments
How well will Bernanke’s new “sterilized QE” idea work to support the bond market while reigning in inflation? Not well at all. Let us count the ways (and the unintended consequences)…
Charles Hugh Smith
Our "Let’s Pretend" Economy: Let’s Pretend Student Loans Are About Education
by Charles Hugh Smith • • 0 Comments
Let’s pretend student loans aren’t just a stupendous and highly profitable scam being run on the youth of America. Of course pretending doesn’t make it so.
We have a “let’s pretend” economy: let’s pretend the unemployment rate actually reflec…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Welcome to Year Five in the Crazy House
by Charles Hugh Smith • • 0 Comments
For four long years, the financial and political Status Quo has masked pervasive structural decay with artifice, pretense and lies. It’s like we’re living in a rotting mansion run by delusional megalomaniacs.
For four long years, the power-drunk S…
Bears Chat, Best of the Forums, Must Read
Bernanke seen accepting faster inflation
by Bears Chat at The Wall Street Examiner • • 0 Comments
Here we go. Buckle up.
Bernanke seen accepting faster inflation | http://www.bloomberg.com/news/2012-03-07/bernanke-seen-accepting-faster-
inflation-as-fed-seeks-to-boost-employment.html
Charts, Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
CoreLogic Data Shows House Price Declines Slowing
by Lee Adler • • 0 Comments
CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of decline has been slowing sharply. According to CoreLogic, 6 of the 10 largest metropolitan markets in the US showed year over year declines…
Bruce Krasting, Contributors- Economic and Financial, Must Read
On FX and Notes from D.C.
by Bruce Krasting • • 0 Comments
Three weeks ago (Link) I put on a short EURUSD position at 1.3115. It worked for a few hours, and then went south. I sucked wind and damn near got to where I had to cut it at a loss. Today the market got back to where I entered, so I dumped it. While I…
Bruce Krasting, Contributors- Economic and Financial, Must Read
On Politics, Social Security and Spine
by Bruce Krasting • • 0 Comments
Assuming that no white knight (aka NJ Gov. Christie) enters the scene for the Republicans, this fall will be a race between Mitt & “O”. I’ve listened to them discuss their views on a hot button of mine, Social Security.
Not surprisingly, bo…
Charles Hugh Smith
The One Chart That Shows Where AAPL and the Market Are Heading
by Charles Hugh Smith • • 0 Comments
Is Apple going to $1,000 per share and dragging the market higher with it?
Sometimes one chart tells us more than a thicket of charts. Every analyst and punter seeks an “edge” by plotting and comparing innumerable indicators, ratios, correlat…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Bernanke Leaks, Spoils the Punch
by Bruce Krasting • • 0 Comments
Jon Hilsenrath, at the WSJ, must have had a phone call with Ben Bernanke on Saturday. Accordingly, Jon put an article out just in time to influence the market on Monday morning. The headline says it all:
No doubt, Bernanke is watching the price of …
