The fact that initial unemployment claims keep making record lows does not mean what Wall Street and its Big Media PR flacks want you to think it means. Here’s why.
Wall Street Examiner Exclusives
Really, you totally won’t believe this.
My surgery was a success! I had a robotic assisted, laparoscopic partial nephrectomy to remove a small renal carcinoma from my right kidney. I’m back…
I commented about the 2011 comparison (reproduced below) in the October 24 Market Update Pro Trader report. We’re about to find out if this time…
But I have a good excuse. Here’s why.
(November 6, 2015) The debt ceiling deal was done and just like clockwork the Treasury came to market with massive new Cash Management Bills, big increases in the 4 week bill auction sizes, and moderate increases in other bills, notes and bonds. All of this began to pressure the Treasury market immediately. Stocks would soon follow. These events were knowable and known in advance.
Apparently the US Government has decided to claw back all of the $140 billion it pumped into the markets since September 15, in one fell swoop.
The Wall Street Journal raised this issue today, so I am recycling a post I wrote back in March, which itself was a rehash of…