“Durable Goods Orders Rise 4%,” blared the headlines this morning. There was just one minor problem with that. It was not true. It represented the seasonally adjusted, massaged, and manipulated number, which bears no semblance to reality. The mainstream media always reports just the seasonal hocus pocus while ignoring the actual number. That actual number…
Tag Archive for False Alarm
Liquidity Trader, Professional Edition
False Alarm- Professional Edition
by Lee Adler • • 0 Comments
The slight improvement in Federal tax receipts and outlays that I noted earlier in the week looks like it was a false alarm. But what about the Fed’s massive Treasury purchases this week. What’s that all about? Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free…
