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Recent Economic Data: More Fiction Than Fact

by irdadmin | Nov 10, 2020 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy

The advance estimate of Q3 GDP was released on Thursday, October 29th. The headline number was 33.1% (annualized rate) vs 31% expected and negative 31.4% for Q2. This was John Williams’ (Shadowstats.com) comment on the headline number: “ShadowStats...

Through The Looking Glass: Employment Report Fraud

by irdadmin | Jun 5, 2020 | Financial Markets

“Well, now that we have seen each other,” said the unicorn, “if you’ll believe in me, I’ll believe in you.” – Lewis Carroll, “Through The Looking Glass” “The greatest trick the devil ever pulled was convincing the world...

There Are Lies, Damned Lies, Statistics and The Employment Report

by irdadmin | Feb 1, 2019 | Financial Markets, Market Manipulation, U.S. Economy

Last month the Government’s Bureau of Lies And Statistics served up an employment report purporting 312,000 new jobs in December. This despite massive seasonal retail lay-offs in the latter half of the month.  The BLS happily counts those jobs when hired in...

The Slow Death Of The U.S. Economy

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...

Paul Craig Roberts: Make Believe America

by irdadmin | Mar 11, 2018 | Financial Markets, Market Manipulation, U.S. Economy

Americans live a never-never-land existance. The politicians and presstitutes make sure of that. Consider something as simple as the unemployment rate. The US is said to have full employment with a January 2018 unemployment rate of 4.1 percent, down from 9.8 percent...
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