Fast Facts

Lee Adler’s brief observations on the market, economy and financial system with illustrative charts

Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Suspended Ceiling Threatens Crash

The Treasury’s cash account continues to grow on the Fed’s H41, weekly consolidated balance sheet.  It hit $422 billion at the end of November. That’s a firebomb waiting to be thrown at the market in the event of a near certainty of a dead ceiling impasse coming in March. That’s when the deal to suspend…

Single Family Housing Starts Surge Before Long Winter of Our Discontent

Yesterday we looked at total housing starts for October. The numbers were very strong. I concluded that within those strong numbers lay the seeds of destruction. Total housing starts are comprised of single family and multi family units. The total number can be misleading about one of the two markets if one is materially stronger…

Bubble Trouble At US Banks

Money supply maintained its rapid growth in October, with the annual growth rate rising to 8%, the fastest growth since a brief surge at the end of 2012. This suggests bubble dynamics are at work. The Fed hasn’t tightened yet. Speculative behavior has been raging. Speculative lending is growing rapidly. This is unhealthy and will…