As usual, the Conference Board and all the major media press release repeaters put a positive spin on the highest reading of Consumer Confidence (aka the Con Con Con) since October…
Lee Adler explains why we don’t need a crystal ball to front run the Fed. No ball gazing or front running is required to see the top. Subscribers may click here to open or right click to download this video and…
Lindsay Williams interviewed Lee Adler on Thursday, July 24. The next Radio Free Wall Street posting for subscribers will be on Sunday, July 27, 2014. See you then.
Lee Adler looks at whether geopolitical watersheds matter to the market, and why consumer attitudes are critically important to understand stock market and economic trends, with an eye to both the short term and long term outlooks. Subscribers may right click…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Early openers trundling upwards: Kiwis -0.2%, Aussies +0.1%, Nikkers +0.5% and Sth Korea +0.6%.
Nothing too exciting happening in Aussie sectors: Consumer Staples +0.8% down to Financials/REITS -0.1%.
EXPOSED: QE Redistributes Wealth And Income from Wage Earners and the Young to the Wealthy and Corporations
The 2014 Social Security report to Congress is finally out (Link). The report was released four-months later than permitted by law; this is the sixth year in a row that the Report has been late. The word ‘sloppy’ comes to mind; Treasury Secretary Lew gets a ‘D’ for timeliness. I’m blown out by this […]