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...
by irdadmin | Jun 23, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
I actually could care less about BREXIT. I have yet to encounter any valid analysis on why the issue matters at all. What is valid is that the BREXIT theatrical show is being used to deflect scrutiny of the continuous economic reports showing that the U.S. economy...
by irdadmin | Mar 23, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Note: For the record, I am expecting the possibility that the new homes sales report for February released today will show an unexpected spike up. For the past several months, there’s been what I believe to be a pre-meditated pattern in which the existing home...
by irdadmin | Jan 24, 2016 | Financial Markets, Housing Market, U.S. Economy
“The banks are still clinging to their reserve reports and praying. The bonds are all toast. Most are in the single digits or teens.” I asked a former colleague of mine from my Bankers Trust junk bond days who is now a distressed debt trader what was going...
