Liquidity indications were mixed last week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks started dumping Treasuries again, but their non-Treasury/non-GSE trading accounts did uptick against a bearish trend. The big plus was again bank inflows which surged massively. Meanwhile the FOMC statement was…
Tag Archive for Uptick
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Oil Prices Confirming ECRI Recession Call
by Bears Chat at The Wall Street Examiner • • 0 Comments
Oil Prices Confirming ECRI Recession Call
by: Lance Roberts November 9, 2011
As goes oil, so goes the economy. Today we posted an update as to why oil price spikes hurt even more when disposable incomes are already under pressure, as it acts as an a…
Charts, Economics, Email Bulletins Archive, Housing, Liquidity Trader Complete, Professional Edition
Housing Picture No Darker
by Lee Adler • • 0 Comments
The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally occurs…
Housing, Liquidity Trader Complete, Professional Edition
Housing Data Paints Bleak Picture
by Lee Adler • • 0 Comments
Housing data for this month suggests that the usual seasonal uptick in prices has come to an end at a lower high than last year. Contracts are falling out at record rates as insolvent banks blow up deal after deal in the mortgage process. On the other hand, there are lots of cash buyers in…
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Record Profits for Health Insurers as Many Postpone Care
by Bears Chat at The Wall Street Examiner • • 0 Comments
The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.
The UnitedHealth Group, one o…
Charts, Economics, Housing
Employment Numbers Not Good News For Housing
by Lee Adler • • 0 Comments
A clear and direct relationship has existed between employment and house prices in the US over the past 9 years. In order for housing prices to turn up, a necessary condition would be a sustained upturn in total employment. Although the widely reported seasonally adjusted employment data seems to indicate that such an upturn is…
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TSA Space Alien Detection Officers
by a Wall Street Examiner • • 0 Comments
TSA Space Alien Detection Officers (ADO)
When you think you’ve covered all your bases, something new comes along. This time, it’s invisible! New intelligence suggests that space aliens with invisibility cloaks have been going through our checkpoi…
Charts, Economics, Latest Business Headlines
Payrolls Grow, Unemployment Drops- Sell The News
by Lee Adler • • 6 Comments
This morning’s data on payrolls and unemployment from the Bureau of Labor Statistics was a strong report. The question is whether it is sustainable. I like to look at the actual data rather than the seasonally adjusted data to get an accurate picture of what’s going on. It’s a choice between real numbers that tell us…
Charts, Economics
Unemployment Claims Update
by Lee Adler • • 0 Comments
First time unemployment claims rose by 52,038 to 577,279 in the week ended January 1. The Wall Street captive media is, as usual fudging the reports by reporting that claims were at 409,000, based on the seasonal hocus pocus. They report an uptick of 18,000 instead of 52,000. Both Dow Jones and Bloomberg are emphasizing…
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Treasury Debt Trap
by a Wall Street Examiner • • 0 Comments
Commentary of economists Rogoff and Reinhart are often used as points of reference concerning thresholds of debt levels that trigger a debt trap. After the publication of their book on the topic, there were rebuttals from the debt-doesn’t-really…
