Tyler Durden provides his commentary on Case Shiller’s home price index. Their report was not pretty and runs counter to all the mainstream media foo foo dust about a housing recovery. Take a look at the charts below to see what the “recovery” looks like. No Housing Recovery – Case Shiller Shows 8th Consecutive Month [...]
Archives for February, 2012
It is no longer a question of whether the Eurozone breaks up, but how. John Mauldin comments on the breakup: It’s one thing to say that peripheral eurozone countries are better off leaving the euro, but how, exactly? And how severe can we expect the consequences to be, not only for those nations but also [...]
Charles Biderman provides his usual insights on what is happening in the economy as opposed to what government, media and CNBC touts wants you to believe. Subsequent to Biderman’s commentary was yesterday’s disappointing Durable Goods report: Durable Goods Big Miss -4%, Expected -1%, Biggest Sequential Drop Since January 2009
I don’t consider this funny. I hope you don’t either.
The slide toward sovereign bankruptcy and economic collapse continues. The best efforts of politicians and their sycophants in the media to convince you otherwise are being contradicted routinely by the the harsh facts of the marketplace. Their propaganda appears increasingly incredible. The private economy has shown virtually no improvement despite stimuli in magnitudes never before [...]