Consumer Sentiment at More Than 4-Year High blared the headlines. Here’s what you really need to know about that.
Tag Archive for Mainstream Media
Money Morning
Why Wall Street Can’t Escape the Eurozone
by Keith Fitz-Gerald • • 0 Comments
Charts, Economics, Email Bulletins Archive, Lee's Free Thinking, Must Read
Lots of Conomic Data Releases, All Of Them Misleading
by Lee Adler • • 0 Comments
There’s been lots of conomic data over the past couple of days. I covered the NAHB builder survey yesterday. Regardless of the fact that the housing market is at pathetic levels historically, the builder data showed the rebound off the lows to be on track. Today, the government released data on housing starts to add…
Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
Builder Indexes Down In April, But Trend Is Still Up
by Lee Adler • • 0 Comments
The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and traffic is up 5 points falls to me, I guess. The mainstream media and the NAHB itself has already widely reported only the bad news that April was down versus March…
Economics, Lee's Free Thinking, Must Read
Just How Bad Is This Week’s Unemployment Claims Data? Not Bad At All
by Lee Adler • • 0 Comments
The mainstream media today reported an increase in initial jobless claims this week to 380,000, an increase of 13,000. This was another huge miss for the consensus of conomists, where the central tendency of expectations was for 359,000 initial claims. The conomic establishment continues to prove its worth week in and week out. The question…
Charts, Economics, Lee's Free Thinking, Must Read
The Fed’s Con Appears To Be Working But The Curtain Is Rising On The Third Act
by Lee Adler • • 1 Comment
In today’s conomic news, the mainstream media focused on the disappointment surrounding the FOMC Minutes, the massaged and sanitized fairy tale about what the participants said at last month’s FOMC confab. The market was shocked! SHOCKED! that most of the members saw no need for additional QE, unless things got worse. I had concluded that…
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…
Email Bulletins Archive, Lee's Free Thinking, Must Read
Durable Goods and The Stock Market, with The Fed In The Driver’s Seat
by Lee Adler • • 0 Comments
Durable goods orders rose 8.7% In February versus January on a nominal, not seasonally adjusted basis. The mainstream media reported only the 2.2% seasonally massaged increase, which missed the consensus expectation of 2.9%. The actual, unadjusted increase was the best February gain since February 2004, so the actual data could hardly be read as disappointing.…
Housing, Lee's Free Thinking, Must Read
Another Sign Bottom is Behind, House Sales Contracts Rise 14%
by Lee Adler • • 4 Comments
Contracts for the sale of existing homes rose 15.1% month to month in February, according to data reported today by the real estate brokers lobbying organization. Sales were 14% above the level of February 2011, continuing the rebound in housing market sales. To keep this in perspective the number remains down 37% from the peak…
Lee's Free Thinking, Must Read
New House Sales Show Continued Improvement
by Lee Adler • • 1 Comment
While the media was touting a miss on consensus expectations, and Bloomberg posted an outright lie on Twitter, the actual unadjusted data did show a big improvement over the year ago performance.
