Archive For: February 2017

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The Orange Swan Cometh, Part 2

Over the weekend the Donald let loose with a boastful tweet that he will soon come to regret. Without even breaking a budgetary sweat, he claimed to have already reduced the national debt during his very first month in office...

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"Pending Home Sales" Misreported and Misconstrued

The mainstream media parroted the NAR press release in reporting on Monday that "Pending Home Sales" hit their lowest level in the past 12 months. The report was false. It was based on seasonal adjustment, comparing monthly data which is wholly made up from arbitrary seasonal adjustment factors provided at the beginning of each year by the Commerce Department.

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February 28: Daily Contrarian Reads

My daily contrarian reads for Tuesday, February 28th, 2017.

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Chart of the Day: Capital Goods Less Aircraft Shipments Back To March 2000 Levels

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The GOP's Obamacare Lite: Retreat, Retweak, Rename, Renege

We have always said "repeal and replace" was a political scam perpetuated by the spineless GOP congressional leadership, and that it would soon bite the clueless Team Trump in the posterior. Now comes the outline of Speaker Ryan's plan, and self-evidently it's a big nothing-burger that makes a complete mockery of the Donald's campaign pledge.

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February 27: Daily Contrarian Reads

My daily contrarian reads for Monday, February 27th, 2017.

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The Cloud Behind the Superficial Silver Lining of New Home Sales

The Census Bureau and HUD reported on Friday that new home sales in the US rose to a seasonally adjusted (SA) annual rate of 555,000. "This is 3.7 percent (±18.5 percent)* above the revised December rate of 535,000 and is 5.5 percent (±25.4 percent)* above the January 2016 estimate of 526,000."

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Chart of the Day: 30% of Undocumented Immigrants Live in Calif, New York and Washington DC

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Chart of the Day: Prospective 12 Year Stock Portfolio Returns Just Dropped To Lowest In History

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Chart of the Day: This Isn't Deflation---It's Massive Club Med Capital Flight Hiding In Target2

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