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The Fake News Economy

by irdadmin | Feb 15, 2020 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy

The stock market is becoming increasingly disconnected from underlying main street reality. Corporate profits have been declining since the third quarter of 2018. However, pre-tax corporate profits have been declining since the Q3 2014 (this data is available on the...

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...

313k Jobs Added? Nice Try But It’s Fake News

by irdadmin | Mar 9, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy

The census bureau does the data-gathering and the Bureau of Labor Statistics feeds the questionable data sample through its statistical sausage grinder and spits out some type of grotesque scatological substance. You know an economic report is pure absurdity when the...

More B.S. From The BLS Leads To A Blatant Attack On Gold & Silver

by irdadmin | Aug 4, 2017 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy

With the release of the latest BLSBS at 8:30am EST, the market interventionists were set up for a spectacular effort today. The S&P was first out of the gate, to the upside of course, and the precious metals were slammed. Ironically, the impulse triggered by the...

A Preposterous Jobs Report And Preposterous AMZN Earnings

by irdadmin | Feb 3, 2017 | Financial Markets, Market Manipulation, U.S. Economy

On a trailing twelve month quarterly basis, AMZN’s operating income growth has plunged from 30.2% in Q2 2015 to just 3.6% in Q4 2016.  This is a stunning drop in growth considering that AMZN’s stock is trading at 92x operating income and 134x net income....

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