by irdadmin | May 31, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, U.S. Economy
Trump’s trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and...
by irdadmin | May 27, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The housing market continues show contracting sales volume. April existing home sales fell 0.4% (SAAR – Seasonally Adjusted Annualized Rate) from March and 4.4% from last April. Existing home sales have dropped year-over-year 14 months in a row. This is the...
by irdadmin | May 7, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The National Association of Realtors (NAR – existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a “seasonally adjusted annualized rate” basis (SAAR). Notwithstanding the reliability – or lack...
by irdadmin | Apr 3, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The stock market has been rising relentlessly since Christmas, riding on a crest of increasingly bearish economic reports. Maybe the hedge fund algos are anticipating that the Fed will soon start cutting rates. Data indicates foreigners and retail investors are...
by irdadmin | Mar 26, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The news headlines explained the sudden jump in the S&P futures this morning by stating that “recession fears had faded.” Just like that. Overnight. I guess the fact that the housing starts report showed a 9% sequential drop in housing starts last...
