Since Bloomberg refused to do this, I’ll take the liberty of doing it for them. Shadowstats watchers know that U.S. inflation has been hovering close to 10% all this year. Therefore, to engage in a meaningful comparison of Black Friday 2011 with Black …
Tag Archive for Inventories
Bears Chat, Best of the Forums
MILLIONS of Homes Lurk on Bank Inventories
by Bears Chat at The Wall Street Examiner • • 0 Comments
MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks’ balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owner…
Economics, Email Bulletins Archive, Latest Business Headlines, Liquidity Trader, Professional Edition
Yes, Ezra, There Is No Santa Claus
by Lee Adler • • 0 Comments
Ezra Klein asked (and answered) in the Washington Post today, “Why are the markets down today? No reason.” What would you expect him to say? He’s a mainstream media journalist, and therefore, by definition, clueless. I took a moment to answer his rhetorical question/answer with the real explanation (as I see it) in the comments…
Bears Chat, Best of the Forums
U.S. August ISM Manufacturing Report on Business (Text)
by Bears Chat at The Wall Street Examiner • • 0 Comments
U.S. August ISM Manufacturing Report on Business (Text)
QBy Editor: Alex Tanzi – Sep 1, 2011 10:19 AM ET
Following is the text of the U.S. manufacturing conditions from the Institute for Supply Management.
August Manufacturing ISM Report On Business…
Bears Chat, Best of the Forums
"Oil Prices Could Hit $100 a Barrel by Year’s End"
by a Wall Street Examiner • • 0 Comments
Higher energy prices sure won’t be a tonic for the “resilient” American consumer, who – if he hasn’t been laid off – is already struggling with stagant wages, worrying about his home being worth less than the mortgage, and attempting to repay some of h…
Bears Chat, Best of the Forums
7 Big Problems For the U.S. Economy
by a Wall Street Examiner • • 0 Comments
The Comstock boys set out seven major concerns for the economy and the stock markets. Here are the first two….click on the link to see the full commentary..
1) First and foremost is the explosion of household debt over the last 45 years, particula…
Housing
Sour Housing Notes
by Lee Adler • • 0 Comments
The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly flop.…
Economics, Latest Business Headlines
They’re Manufacturing Data
by Lee Adler • • 2 Comments
There were two pieces of economic data released today. The ADP unemployment data is a prelim to the weekly unemployment claims, and is a bit of a so what. So are factory orders, but let’s take a look at it see to see if there’s any evidence of green shoots, or the latest term of…
Economics, Housing, Latest Business Headlines
More Little Lies and Big Spin- Gains or Blips?
by Lee Adler • • 4 Comments
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose more…
Liquidity Trader, Professional Edition
Hype and Hysteria- Professional Edition Fed Report
by Lee Adler • • 0 Comments
The Fed bought another load of Treasuries today, as previously scheduled, and consistent with their behavior in past weeks. Did they help the PDs absorb this week’s mountain of supply? Of course. That’s what the Fed does. It’s part of their mandate. They’ve been doing it since time immemorial, way, way before quantitative easing ever…
