It matters because the mis-reporting follows a trend in housing reports.  Always too optimistic.  Given the problems we are seeing in the treasury auctions, the level of interventional efforts by the monetary authorities across multiple asset classes, the low volume POMO based melt up courtesy of the FED and primary de...more

The Problem Is That the Problem has Moved Far Beyond this Simple Question of Spending More or Less.  The Sovereign Debt is Simply Not Repayable at Today's Currency Values.   Its QE to Infinity and Beyond.  If Uncle Ben Cuts QE, Interest rates will quickly spike to 5 or 10% and by that time the National Debt will be...more

Silver and Gold both have been beating the stock market for years.  As if this is something new? The stock market is down substantially when measured in gold and silver money vs. paper money, backed by nothing.

The Challenger numbers show that planned layoffs are at the highest since March and anyone who follows the real numbers knows that this bump is purely seasonal retail numbers of jobs that won't be around much longer.    We are gaining ZERO traction.   Funny how the article doesn't mention the Challenger numbers or the ...more

While all the spin is positive on this Very Short Term blip in the jobs numbers, the really important number is largely being completely Ignored and put to the Back page by the Increasingly new school of easy calligraphy journalism and cut and paste reporting which would attack the messenger rather than going after the...more