by irdadmin | Aug 23, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Absurd surges in new home sales activity were not significant…Headline reporting of this series is of no substance, as seen frequently with massive, unstable and continuously shifting revisions of recent history… – John Williams, Shadowstats.com on...
by irdadmin | Aug 23, 2016 | Financial Markets, Housing Market, U.S. Economy
The three primary drivers of the economy are starting to head south: retail, housing, autos. I can smell the housing market slipping away now. I’ve been early on housing, like I was when the mid-2000’s Bubble 1.0 popped, but I was eventually very correct...
by irdadmin | Aug 22, 2016 | Financial Markets, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Stanley Fisher embarrassed himself and the Fed today by regurgitating the standard Fed threat to raise rates in 2016. The Fed officials are starting to sound like that teacher on the Peanuts cartoon: We are close to our targets,” Fischer said in a speech at the Aspen...
by irdadmin | Aug 8, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The U.S. Government is going to run a huge budget deficit going forward. Tax receipts are falling in correlation with economic activity and less foreigners are interested in buying new Treasury debt issuance. Last year, despite Obama’s claim that the U.S....
by irdadmin | Aug 2, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
In my latest issue of the Short Seller’s Journal, I predicted a weak showing for July auto sales. Both GM and Ford missed Wall Street’s forecast. With the magic of seasonal adjustments, the industry data overall was presented to show a .7% increase in...
by irdadmin | Jun 29, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
All morning Fox Business has had a green banner posted that exclaims, “stocks stabilize.” So down 5% in two days followed by a 2.7% bounce in a little more than 1 day of trading is defined as “stabilizing?” How about the fact that the S&P...
