The largest U.S. companies are beating the average stock in the Standard & Poor’s 500 Index by the most in more than a decade, fueled by rising dividends, valuations 31 percent below the historical average and fear. Companies in the S&P 100 from Apple Inc. to Bank of America Corp. (BAC) have gained 7.7 percent…
Tag Archive for Ponzi Game
Charts, Economics, Lee's Free Thinking, Must Read
Regardless of Which Way Bernanke Panics Next, The Ending Won’t Be Happy
by Lee Adler • • 0 Comments
Once again the mainstream media boohooed over a false and misleading seasonally falsified industrial production number, bemoaning that the SA number was down 0.4% month to month in May. They are playing into the Wall Street mob’s desire for manna from Ben next week. It’s totally bogus, supported only by false and misleading SA data, not the real activity.
Must Read
Egad, The Fed Pisses Me Off
by Lee Adler • • 0 Comments
From the excellent Binyamin Applebaum at the NY Times: One part of the economy that’s growing rapidly is the Federal Reserve. These are boom times for the central bank, which persuaded Congress to expand its responsibilities significantly in the wake of the financial crisis. And with greater responsibility comes a larger budget. If not in…
Lee's Free Thinking, Must Read, Radio Free Wall Street
The Last Ponzi Game Standing
by Lee Adler • • 0 Comments
Lee Adler argues that the idea that US economic growth and European economic crisis proves that austerity is a bad thing is false. The US only looks good in comparison, because capital is flowing out of Europe to the last Ponzi game standing, the US Treasury market. The US Treasury magically and instantly converts foreign capital inflows into current spending creating the illusion that austerity is bad and profligacy and stealing from the future income of US taxpayers is good. Russ Winter chimes in on the flight of small investors out of US stocks, and away from the propaganda of mainstream TV financial infomercialism. This is a subscriber only podcast. If you are not a subscriber, click here to access the most recent free podcast posted on Monday, April 23. Subscribers can click the player at the bottom of this post (visible on Radio Free Wall Street main site only) to listen to today’s podcast, or use this link to download. If you are not a subscriber and would like to hear not only today’s podcast but all 8-10 podcasts each month, click here to start here to start your subscription. It takes less than a minute to complete the signup form and start […]
Lee's Free Thinking, Liquidity Trader, Professional Edition
Fed Finally Settles First Round Of MBS Offsetting Other Negatives in Liquidity
by Lee Adler • • 0 Comments
Liquidity indications were neutral this week, thanks to ongoing panic inflows of cash from Europe, as well as the fact that the Fed finally started settling the MBS purchase commitments that have been building up, but had gone unsettled since October. These positive flows offset the negatives of bank and FCB selling of Treasuries. The…
Lee's Free Thinking, Liquidity Trader, Must Read, Professional Edition
The Last Ponzi Game
by Lee Adler • • 0 Comments
This is an extended excerpt from the Wall Street Examiner Professional Edition Treasury Report, a companion report to the Fed Report to be posted later this weekend. Subscriber link to the complete report is at the end of the excerpt. A heavy Treasury auction schedule with a big settlement on Thursday was enough to contribute…
