COMMERCE DEPARTMENT

The Other Housing Data the Media Will not Share

by John Galt February 18, 2015 21:00 ET While the Bubblevisions continue their unrelenting used car tactics to convince grandma and grandpa that the $0.70 per share biotech stock is where their retirements should be, the selective propaganda from the various entities which provide financial news have agreed with the US government to use contrived data by displaying “annualized rates” or “percentage change month over month” rather than telling the tale of reality: Housing has not recovered and it is not even close to recovering. 4 charts courtesy of the Federal…


Commercial Paper Issuance Continues to Indicate no Real Economic Recovery

by John Galt February 5, 2015 22:25 ET Before my readers ask why this is an important indicator of the economic health of the American economy, this explanation from the Federal Reserve about this particular statistic explains what it is and what it means: About Commercial Paper Commercial paper (CP) consists of short-term, promissory notes issued primarily by corporations. Maturities range up to 270 days but average about 30 days. Many companies use CP to raise cash needed for current transactions, and many find it to be a lower-cost alternative to…


%d bloggers like this: