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Tesla’s Q3 GAAP “Net Income:” Manipulation If Not Outright Fraud

by irdadmin | Nov 15, 2018 | Financial Markets, Market Manipulation, Precious Metals, U.S. Economy

I perused Tesla’s Q3 10-Q and scrutinized the footnotes to figure out, to the extent possible, where Tesla manipulated GAAP accounting standards and outright “cooked” its numbers. Before I had a chance to analyze the 10-Q, others had already posted...

Fundamentals Supporting Stock Market Further Deteriorate

by irdadmin | Sep 20, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy

The Bureau of Economic Analysis calculates and publishes an earnings metric known as the National Income and Products Accounts which presents the value and composition of national output and the types of incomes generated in its production. One of the NIPA accounts is...

Consumer Spending Contraction: Two Charts That Horrify Keynesians

by irdadmin | Jun 10, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy

“While the decline in housing activity has been significant and will probably continue for a while longer, I think the concerns we used to hear about the possibility of a devastating collapse—one that might be big enough to cause a recession in the U.S. economy—have...

Auto Sales Forecast To Tank In April

by irdadmin | Apr 26, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy

JD Powers and LMC Automotive are projecting auto sales to drop 8% in April from a year-ago April: For much of the past two years, the discounts offered by automakers have remained at levels that industry analysts say are unsustainable and unhealthy in the long...

Is It The Trade War Threats Or Extreme Overvaluation?

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...
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