US Economy In CRISIS MODE Pending House Sales , Retails Sales, Consumer Confidence Collapse! Hedge Funds Just Unloaded The Most Stock Since December 2008!
InvestmentWatch |
Home Sales Collapse At Fastest Rate In 40 Months; Stocks Spike
http://www.zerohedge.com/print/480690
September Retail sales has the biggest collapse on record
…and yet the stock market keeps going up.
What gives here?
(the govt is trying to hide how really bad the economy is)
September retail sales were a modest miss: that much was made clear earlier. However, what the market may have missed is that this “miss” was on the back of Department of Commerce’s favorite fudge factor: seasonal adjustments. The 0.1% “decline” in retail sales was for the seasonally adjusted numbers of $426.3 billion in August and $425.9 billion in September. So what happens when one strips away the Arima-X-12 a la carte adjustment which is always and everywhere in the eye of the beholder? Well, this:
As the chart above shows, the unadjusted retail sales number difference from August to September was a whopping $40 billion, or a 9% drop in one month, which in turn meant the headline retail sales number contained in it had an “adjustment factor” of $39.6 billion. This was the biggest NSA September retail sales drop on record, even worse than the prior worst such monthly drop posted in 2007 when the Second Great Depression was about to begin.
http://www.zerohedge.com/news/2013-10-29/whats-wrong-picture
Consumer Confidence Plunges Most In 2 Years
http://www.zerohedge.com/news/2013-10-29/consumer-confidence-plunges-most-2-years
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