General
Losses and Zombie Debt in Residential Mortgages Surpass $5 Trillion
Mortgage debt of $5.6 trillion is a bubble legacy and the most obvious source of a renewal of the financial crisis.
25Nov2009 | MichaelWhite | 1 comment | Continued
Retail Sales Data, Tell Me Another Joke
The reported rise in retail sales this morning had the media had in a full throated bull chorale. Boomberg breathlessly screamed: Gains in U.S. Retail Sales Ease Concern Recovery Will Cool!!! OhmyGOD! U.S. Stocks Extend Global Rally on Retail Sales!!! BUY STOCKS NOW BEFORE ITS TOO LATE!!! and Marketipwatch blared Bernanke Says There Will Be […]
16Nov2009 | Lee Adler- The Wall Street Examiner | 1 comment | Continued
True Lies
Lies Lies Lies Boobberg– Fewer Americans than anticipated filed claims for jobless benefits last week, signaling the worst employment slump in the post-World War II era is easing as the economy expands. Marketwretch– The number of people filing initial claims for state unemployment benefits fell by 12,000 to a seasonally adjusted 502,000 in the week […]
12Nov2009 | Lee Adler- The Wall Street Examiner | 5 comments | Continued
Manipulation is Good
I think that the problem many of us still have is in attempting to make sense of the market in terms of the economy. This is not wise. The stock market has absolutely nothing to do with the economy. I wrote this in a post on The Stool Pigeons Wire Message Board in response to […]
11Nov2009 | Lee Adler- The Wall Street Examiner | 3 comments | Continued
Implode-O-Meter News- An error has occurred, which probably means the feed is down. Try again later.
- Mortgage Lender Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
- Bank Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
- Hedge Fund Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
- Builder Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…