U.S. Durable Goods Orders Rise 3.4% in June blared the Wall Street Journal headline this morning. As usual, not only is that not the whole…
The seasonally adjusted (SA) headline number for the monthly-error-times-12-annualized version of new home sales in June was 482,000. Wall Street analysts had guessed that the…
Initial claims for unemployment compensation extended the string of record lows into its 22nd month this week. The mainstream media is reporting this as if the…
The media dutifully reported the NAR’s version of seasonally adjusted, built-in monthly error times 12, annualized, officially recorded, home sales closings in June today. The housing industry…
It has been a few weeks since we took a hard look at initial unemployment claims. There hasn’t been much reason to, since they seem…
Following the mainstream media reports on economic data is a waste of time for investors. It may have some value to traders, because the headlines give them…
One of my pet themes over the years has been the ridiculous conventional economic definition of inflation that excludes asset prices, an absurdity which the BLS…
Lee Adler goes behind the paper curtain of Wall Street propaganda to strip away the media hype and hysteria around the financial news headlines to show you the facts. In this video he exposes the absurdity of the FOMC’s policy…
The next posting will be on Thursday. I’m shooting for 12 noon NY time but it may be later if the current disorderly markets persist overnight. I will post an update on ETA if necessary. See you Thursday!
Janet Yellen’s reputed favorite jobs measure, the JOLTS (Job Openings and Labor Turnover Survey) reported blockbuster record job openings in May. But look beneath the headlines…
