by irdadmin | Apr 3, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Overstock’s attempt to capitalize on “blockchain mania” appears to have fallen flat. The SEC is investigating it ICO fund-raising scheme and a class-action lawsuit has been filed in connection with the deal. OSTK finally announced today that it was...
by irdadmin | Apr 1, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
There is plenty of dysfunction in plain sight to suggest that the financial markets can’t bear the strain of unreality anymore. Between the burgeoning trade wars and the adoption in congress this week of a fiscally suicidal spending bill, you’d want to put your...
by irdadmin | Mar 25, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Just when you think it would be impossible for the Trump Presidency to become any more of a tragi-comedy, Trump manages to turn the volume up to eleven by appointing Larry Kudlow as his chief economic hit-man. In 1999, Kudlow predicted that the Dow would hit 50,000 by...
by irdadmin | Mar 22, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The stock market is is more overvalued now than at any time in U.S. history. Sure, permabulls can cherry pick certain metrics that might make valuations appear to be reasonable. But these metrics rely on historical comparisons using GAAP accounting numbers that simply...
by irdadmin | Mar 20, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Deteriorating real economic fundamentals – The most important economic report out last week was retail sales for February, which showed at 0.1% decline from January. This was a surprise to Wall Street’s brain trust, which was expecting a 0.4% gain. Keep in...
by irdadmin | Mar 15, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
(Note: with apologies to Carl Reiner and Steve Martin, who directed and co-wrote “The Jerk,” respectively) Just when you thought Trump’s “leadership” could not get any more insane, he adds a third ring to the circus going on at 1600...
