They’re not telling you this, thanks to bookkeeping games, but bank profits are really sinking into the abyss. Assets less liabilities don’t lie.
The Fed’s pumping will now pick up from the reduced pace of the past two holiday weeks. That will coincide with another Treasury paydown this…
I_Am_Madness, on 07 January 2011 – 12:16 PM, said:
Doc,
Over the last 3 weeks and with all this pomo juice, S&P is only up 15 points. That’s just a tad over 1%.
The meat of the move happened BEFORE the actually announcement between the August Lows and …
First time unemployment claims rose by 52,038 to 577,279 in the week ended January 1. The Wall Street captive media is, as usual fudging the…
Economic pundits and the Wall Street captive media are fond of telling people that the stock market is a discounting mechanism and that it leads…
The ISM Non-Manufacturing index rose to 57.1 in December. This chart shows the ISM Non-Manufacturing index overlaid with the S&P 500. It shows that the…
The Mortgage Bankers’ Ass. is closed this week, hence there was no release of the Mortgage Applications Index, the best real time housing demand indicator.…
It’s mind boggling to me, just mind boggling, how nobody gets the simplicity of the pipeline from Ben Bernanke’s twisted brain to his henchmen the…
If there’s a single picture that tells the story of the woes of the US Economy, this one may be it. The Fed’s pumping has…
