The retail sales headline number for December rose 0.2%, beating the market consensus of a flat month. As usual, the featured number was a seasonally adjusted, made up number, also not adjusted for inflation. The mainstream media noted the solid gain, but worried
Tag Archives: stock market
Being White Not Helpful in Getting a Job
Written by Steven Hansen Who are the victims in the mediocre employment situation? It is not people over 55, women, Hispanics or the educated.
Blowing Bubbles
Written by Steven Hansen I hear a lot about bubbles. I see potential bubbles in play, but let’s look at the data.
ISM Numbers Are Weak Before QE3 Cash Begins To Flow
Lee Adler, Wall Street Examiner The October headline seasonally adjusted aggregate Purchasing Managers Index reading of 49.5 fell far short of the consensus expectation of 51.2. I track the not seasonally adjusted ISM Manufacturing New Orders index as the kernel of the measure of manufacturing conditions in the US. It fell from 61.8 in October …
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Why Financial Repression Will Fail
The author – Ron Hera – argues that the financial repression will fail eventually. Financial repression occurs when governments channel funds into their own sovereign bonds in order to reduce debt levels through mechanisms such as directed lending, caps on interest rates, capital controls, debt monetization, or by other means. To establish his points, Mr. Hera catches readers’ attention towards “The Liquidation of Government Debt”, “Crisis and Consequence” and many other facts.