It just doesn’t get any more bullish than today’s retail sales report. Or so you would think if you only read the mainstream media reports. “More spending at online stores such as Amazon and electronics and applicance stores boosted retail sales by 0.5% in October, following a strong 1.1% surge in September,” shouted Marketwatch. “Retail…
Tag Archive for Captive Media
Charts, Economics
Consumer Sentiment Is More Bearish Than Media Reports Show
by Lee Adler • • 0 Comments
Last November, the University of Michigan and Reuters stopped allowing third parties to update their Michigan Sentiment Index Charts. Maybe that’s because they didn’t want you to see how deep in the toilet we really are. Reuters is now apparently paying the University to keep the charts secret, just like Bloomberg paid off ABC News…
Charts, Economics
Unemployment Claims Update
by Lee Adler • • 0 Comments
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 reports by reporting that claims were at 409,000, based on the seasonal hocus pocus. They report an uptick of 18,000 instead of 52,000. Both Dow Jones and Bloomberg are emphasizing…
Charts, Economics
Economic Charts- Factory Orders, the Stock Market and the Fed
by Lee Adler • • 1 Comment
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 economy. I’m just as fond of showing that the market does neither. Both the market and the economy are mechanisms that respond to changes in macro liquidity. The Fed…
