by irdadmin | Jan 14, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
It seems to never end. The markets do the opposite of what would be expected based on common sense and on undeniable evidence about the fundamentals. Just this morning, for instance, the S&P 500 pops up overnight and then promptly goes red after the NYSE opens....
by irdadmin | Jan 14, 2016 | Financial Markets, Market Manipulation, U.S. Economy
…A Bubblicious Breakfast Of Unicorns And Slippery Accounting Consider the case of Amazon. Its PE multiple on LTM net income of $328 million has dropped from 985X all the way to…….well, 829X! Likewise, it’s now valued at 97X its $2.8 billion of LTM free cash flow...
by irdadmin | Jan 13, 2016 | Financial Markets, Market Manipulation, U.S. Economy
The Government releases its retail sales report for December this Friday. The Census Bureau is the front-man for this report, which means that we can expect something that conforms to the highest standards of statistical manipulation. But the truth is, we already...
by irdadmin | Jan 11, 2016 | Financial Markets, U.S. Economy
The pundits can disingenuously blame the crashing Baltric Dry Index on container ship overcapacity and find some dopes to believe that fairy tale, but there’s only one explanation for collapsing rail freight shipment volume in the United States: the consumer...
by irdadmin | Jan 11, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
What the Fed did, and I was part of it, was front-loaded an enormous market rally in order to create a wealth effect. – Richard Fischer, former Dallas Fed President on CNBC (via Zerohedge) It is absolutely mind-blowing that this statement by a former Fed bank...
