Tag Archive for Mainstream Media

We Don’t Need No Stinkin’ QE2

The Fed increased the monthly QL1.5 (Quantitative Leveling 1.5) purchase quota to $32 billion from $27 billion as predicted by yours truly in the Fed Report. That means an average of roughly $7.25 billion per week. We don’t need no stinking QE2. Look out above. The only operation this week will be on Friday, settling…

WTF?

No, this is not a fake headline. This has been making the rounds on a lot of blogs and finally hit the mainstream media. I have been trying to figure out why we still need QE 2 and this just answered my question. There is no rule of law left in the ba…

The Trouble With Case Shiller

The mainstream media wasted hours reporting on and analyzing the Case Shiller Housing Index today. Did even one pundit mention what’s wrong with the Case Shiller data? If Dow Jones used the methodology to report the Dow Industrials that Standard and Poors uses to construct the Case Shiller Index (CSI) the Dow would be reported…

How Durable the Economic Goods

Economists touted today’s manufactured goods gains as the linchpin of the economic recovery. Considering that manufacturing accounts for only 11% of the US economy, and durable goods is about half of that, that’s hanging a lot on this one sector. Is there any reason for bullishness on this?

Tax Revenues Plunge Again, More Supply Ahead- Professional Edition

The Fed’s balance sheet shrank again last week as it settled only a couple billion in securities purchases which wasn’t enough to offset declining levels of alphabet soup. The Treasury market got whacked by big supply. Even though bid covers were strong, buyers wanted higher yields as they bought into the economic recovery story, which…