The original NPR story presented my comments on Treasury’s opposition to brining criminal charges. Those comments were subject to what NPR labeled a “clarification” which meant they were removed from the program.
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Early openers more motivated than usual: Kiwis -0.2%, Aussies +1%, Sth Korea +0.7%, Japan closed.
Lotsa green for Aussie resource sectors: Miners +4.1%, Materials +3.5%, Gold +2.7% and Energy +2%.
Cycle screening measures were slightly stronger on Friday, keeping the aggregate measures in strongly positive territory while remaining in a negative divergences. The individual measures remained mostly bullish, with only new 13 week cycle signals raising a preliminary caution flag that the rally could be near an end. This report suggests what to look for…
With stock markets running far ahead of economic growth, investors should be asking whether the markets are getting ahead of themselves.
Does anyone seriously think that Dudley would take a job as a regulator subject to federal pay caps? If the President or Congress ends the conflict of interest Dudley will scurry back through the revolving door to Government Sachs before the law becomes effective.
If you think looking under the hood is vital when you buy a used car, take it from me: It goes double when you’re reading reports on the economy, and the White House’s new report on the economic effects of President Obama’s Executive Amnesty plan is a vivid reminder why.
Lee Adler pulls back the paper curtain of Wall Street propaganda on the housing data and broader, more timely economic data. Housing may be slowing, but the broader economy isn’t. He tells why that’s bearish in the big picture, but a close look at the technical data says it may be a while before the big one.
This video was originally published for Radio Free Wall Street subscribers on September 23, 2014. To see the latest videos in real time, subscribe here. Go behind the paper curtain of Wall Street propaganda and get the facts.
See more videos from Lee Adler on The Wall Street Examiner Channel on Youtube.