Tag Archive for Crap

Why are Harvard Conomists (or any Think Tankers) Paid So Much?

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…

Housing Data: Shiller Unaware Bernankinflation Winning

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…

Blockbuster Full Time Employment Growth, But An Intractable Long Term Crisis

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…

Interpreting The Head Scratching Unemployment Claims Data

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…

Bloomberg Spews A Bunch Of Disingenuous Crap On Consumer Comfort

“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…