by irdadmin | Aug 23, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
There will be numerous excuses issued today by perma-bull analysts and financial tv morons explaining away the nearly 10% drop in new home sales. Wall Street was looking for the number of new homes, as reported by the Census Bureau, to be unchanged from June....
by irdadmin | Jul 24, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Existing home sales declined nearly 2% in June from May on a SAAR basis (Seasonally Adjusted Annualized Rate). (SAAR is the statistically manipulated metric used by industry organizations and the Government to spin bad monthly economic data into an annualized metric...
by irdadmin | Dec 21, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
I’m going to have to throw a flag on the existing home sales report for November published today by the National Association of Realtors. The NAR would have us believe that home sales occurred in November at 5.6mm annualized rate for the month, up 15.4% from...
by irdadmin | Aug 24, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
As I detailed yesterday – LINK – yesterday’s new home sales report was complete fiction. Notwithstanding all of the other statistical manipulations that go into the Government’s Seasonally Adjusted Annualized Rate of sales metric, including...
