Real Core Durable Good Orders (all orders except transportation equipment and defense capital goods) rose by 1.5% year to year in March. That was the actual, not seasonally adjusted number…
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Lee Adler goes behind the paper curtain of Wall Street propaganda to strip away the media hype and hysteria around the financial news headlines to show you the actual facts. With economic data whipsawing wildly, this week he focuses on the trend of actual data to reveal whether anything has changed that would cause the outlook to change. The answer probably won’t surprise you. Subscribers may click here to open or right click to download this video and play in your media player.
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Today’s RFWS was absolutely outstanding. (I’m glad I actually watched this one rather than just listening while running.) When it comes to financial journalism, Lee, you remain an island of sanity in a huge sea of crap. Thanks.
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Lee Adler goes behind the paper curtain of Wall Street propaganda to strip away the media hype and hysteria around the financial news headlines to show you the actual facts. This week he examines the economic data for any signs…
Later this week another Fed meeting will pass with the policy rate still pinned to the zero bound. May will make the 77th consecutive month at ZIRP—–an outcome that would have been utterly unimaginable even a decade ago, and most especially not with the unemployment rate at 5.2% and after 23 quarters had elapsed since…
When oil prices decline, there’s always an inevitable uptick in demand. The reason for this is simple: Markets tend to use more of a cheaper product.
For someone supposed to be a political whiz due to staff experience on Capitol Hill, Treasury Secretary Jack Lew sure has been acting like a political bungler.
The cynicism among the informed classes has never been so deep. Even the pompom boys in the cheerleading clubs like CNBC and The Wall Street Journal express wonderment at the levitation of stock indexes and bond values.
To really appreciate what a travesty the TPP is, and the scandal of the failure of our Congress to reject it, and the “Fast Track Authority“ sought for it, out of hand, I’m going to list 23 negative consequences.
Anyone believing that reshoring by American multinationals is much more than “a drop in the bucket” needs to explain…