NAR data for May confirms earlier data from CoreLogic, Dataquick, and Department of Numbers.com that housing prices continued to make new 12 month highs in May and that, contrary to the mainstream media portrayal, the housing rebound is not “uneven” or slowing in any way. Below is the full unexpurgated PR from the NAR. While…
Tag Archive for Shills
Economics, Lee's Free Thinking, Must Read
Why Seasonal Adjustment (SA) Sucks and I Don’t Use SA Data
by Lee Adler • • 0 Comments
This is a tiny selection of some of my past comments on why I love Seasonally Adjusted data. This is by no means a complete compendium, but a mere sampling of my odes to the odious seasonal fudging, finagling, falsifying, manipulating, or whatever you want to call it, process. Why do conomists and paid Wall…
Latest Business Headlines, Must Read
Cost to Raise a Child: Around $300,000, Not Including College – Say Goodnight, Gracie
by Newswires • • 0 Comments
The U.S. Department of Agriculture prepares an annual report about families’ expenditures on children for use in developing state child-support and foster-care guidelines. Annual child-rearing expense estimates ranged between $12,290 and $14,320 for a child in a two-child, married-couple family in the middle-income group, which is defined as a before-tax income between $59,410 and $102,870.…
European Crisis
Forecasters Flying Blind When Predicting Repercussions of Greek Exit – WSJ
by Newswires • • 0 Comments
My only reaction to the Wall Street Journal headline is, “What else is new?” Maybe the editor was thinking the same thing, only can’t say it? As I read the tweets of the mainstream journalists on Twitter, it is clear that they are personally far more cynical then their work for “The Man” reflects. But…
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…
Charts, Economics, Lee's Free Thinking, Must Read
It’s That Time of The Month, Employment Data Leads To Investment Mood Syndrome
by Lee Adler • • 0 Comments
Every month the gummit’s Bureau of Liar Statistics (BLS) dutifully reports reams and reams of data on the employment situation in the US. Some of it is actually useful. The rest is reported by the mainstream financial news media. The BLS reports both seasonally adjusted (SA) data and not seasonally adjusted (NSA) data. The NSA…
Charts, Economics, Email Bulletins Archive, Latest Business Headlines, Lee's Free Thinking
Retail Sales Reports Give Me Gas
by Lee Adler • • 0 Comments
It just doesn’t get any more bullish than today’s retail sales report. Or so you would think if you only read the mainstream media reports. “More spending at online stores such as Amazon and electronics and applicance stores boosted retail sales by 0.5% in October, following a strong 1.1% surge in September,” shouted Marketwatch. “Retail…
Bears Chat, Best of the Forums
Morningstar Recommends Gold!
by Bears Chat at The Wall Street Examiner • • 0 Comments
ETF Spotlight: SPDR Gold Shares GLD
“For their asset-class-level benefits, inflationary hedging and diversification, we are in favor of maintaining a modestly sized core commodity exposure up to about 10%. Additionally, that exposure should be split b…
Latest Business Headlines
“Greatest stock buying opportunity in 80 or 90 years”
by Brad Wessels •
CNBC’s Larry Kudlow is still managing to find shills that are pushing their stock buying BS on tonights show. Kudlow in his typical hackish style blurted “This is the best stock buying opportunity in 80 or 90 years.”  …
