Wall Street is yawning off a slew of better than expected rigged data out this morning, painting an effervescent economy that is fair and equitable to all and booming like a motherfucker.
CPI is running hot, to the point of needing immediate Fed hikes. Also, housing starts have, all of a sudden, skyrocketed. Be sure to log into Zillow today: I’m quite sure the value of your home is flat to down in spite of these marvelous numbers.
Lastly, the Philly Fed came in better than expected as well — which is actual evidence that the renaissance is upon you. Do not listen to fake news sites that tell you otherwise.
Thank you.
If you enjoy the content at iBankCoin, please follow us on TwitterOctober Headline CPI +0.4% vs +0.4% Briefing.com consensus, Core CPI M/M +0.1% vs +0.2% Briefing.com consensus
October Building Permits 1229K vs 1200K Briefing.com consensus; Prior 1225K
October Housing Starts 1323K vs 1178K Briefing.com consensus; prior revised to 1054K from 1047K
Initial Jobless Claims 235K vs 257K Briefing.com consensus; Prior 254K
November Philadelphia Fed 7.6 vs 7.0 Briefing.com consensus
so fake data, fake news sites& fake markets….does anyone realize what fiat means?
such a strange alterverse…
Obviously not.
That is all
Nice!
So… what are the “real” numbers saying. Like U6 instead of U2 (no Bono) …if there is such a metric.
U3 for that matter.
LFPR is all that matters, the rest is obfuscation & bullcrap.
Thanks, Obama.