Harvard conomists are some of the highest paid “professionals” on earth. I guess it’s because they can spew deliberately useless crap like this piece of shit from back at the end of the housing bubble– The Nations Housing – 2006— thanks to the big fat checks they get from the industry mafiosi who pay them. The publisher…
Tag Archive for Crap
Charts, Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
Housing Data: Shiller Unaware Bernankinflation Winning
by Lee Adler • • 3 Comments
There were two major housing data releases today. One of them is important. The other was a misleading misdirection play, that is leaving its creator clueless. Due to its peculiar and excessive smoothing methodology, the housing Case Chiller is always behind the curve. It uses a 3 month average of sale prices closed in the…
Charts, Economics, Lee's Free Thinking, Must Read
Blockbuster Full Time Employment Growth, But An Intractable Long Term Crisis
by Lee Adler • • 0 Comments
Over the past week you have heard, read, and seen all kinds of noise about the government’s employment report. I even supplied some of that noise. We’ve seen all kinds of analyses explaining why the data was worse than expected, or better than it looked, etc. To the casual observer, it’s all very confusing. That’s…
Charles Hugh Smith
On Stress and our Fear of Change
by Charles Hugh Smith • • 0 Comments
We naturally fear change and transformation, but there is a more sinister source of our chronic stress.
Yesterday I addressed the stress created by the disconnect between official happy-talk and the reality we are experiencing: The Phony “Eco…
Economics, Email Bulletins Archive, Lee's Free Thinking, Must Read
Interpreting The Head Scratching Unemployment Claims Data
by Lee Adler • • 4 Comments
Actual, not seasonally adjusted, initial unemployment claims totaled 319,349 last week, according to the Department of Labor tabulation of weekly data submitted to it by the 50 state employment departments. This number was virtually unchanged from the prior week total of 319,382. As always, the media reported only the seasonally manipulated numbers showing a decline…
Charts, Economics, Email Bulletins Archive, Lee's Free Thinking, Must Read
Bloomberg Spews A Bunch Of Disingenuous Crap On Consumer Comfort
by Lee Adler • • 0 Comments
“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…
Bears Chat, Best of the Forums, Must Read
European banks frantically try to dump $7 Trillion in crap assets
by Bears Chat at The Wall Street Examiner • • 0 Comments
The balance sheets of European banks are piled high with legacy assets — mortgages, real-estate, and other loans–that are tying up precious capital and constricting the banks’ ability to make new, more productive loans.
At the same time, the ban…
Bears Chat, Best of the Forums
Cheap Money, Broken Markets and Stupidity
by Bears Chat at The Wall Street Examiner • • 0 Comments
Would you lend money to Spain, Italy and the US at these ridiculously low levels? The answer is no. The World has during the past years experienced an explosion of sovereign Debt, but yields have been coming off, as a result of Central Bankers buyin…
Bears Chat, Best of the Forums
China: first domestically made aircraft carrier
by Bears Chat at The Wall Street Examiner • • 0 Comments
Diplomatic and U.S. govt sources say China has started construction of its first domestically made aircraft carrier — http://t.co/VUiAQhb
…buy some more Made in China crap
Bears Chat, Best of the Forums
Frightening Solution to Problems of the Fed and Politicians
by Bears Chat at The Wall Street Examiner • • 0 Comments
The Frightening Solution To Everyone’s Problem From Bernanke To Democrats To Republicans
We have two distinct groups in D.C. that are stuck between a very big rock and a hard place. The first is the Federal Reserve. The second is the Democrats and R…
