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Tag Archives: Sales

  • Blog

    More Fuzzy Reporting: New Home Sales Misrepresented

    by Chris Martenson

    Wednesday, March 25, 2009, 4:47 PM

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    If you read my recent blog post on existing home sales, you may experience déjà vu reading this one. My point in exposing the ways in which “news” is spun to the positive, instead of realistically, is to help you see the ways in which we are still being systematically misled. I consider this to be important to reveal because while problems are still being identified, realism is more important than optimism.

    Would you tell an overweight man with chest pains that “it’s probably heartburn and that most people are just fine after experiencing chest pains” or would you advise them to obtain a careful examination of their condition?

    Here, we are going to give the patient a close examination.

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  • Blog

    Daily Digest – Feb 4

    by Davos

    Wednesday, February 4, 2009, 1:14 AM

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    • IBM Offers To Move Laid Off Workers To India
    • President Obama to water down ‘Buy American’ plan after EU trade war threat 
    • California Pension Funds Close To Bankruptcy
    • California issues IOUs instead of cheques
    • Hundreds line up for days for Miami firefighter positions 
    • U.S. Property Owners Lost $3.3 Trillion in Home Value 
    • Ford US sales plunge 40 pct., Toyota down 32 pct.
    • GM (GM) January Sales: Odds Of Chapter 11 Go Way Up
    • Chart, Auto Sales
    • Chart, US Vehicle Sales
    • Chart, New Home Sales
    • Pending Home Sales… Foreclosure Boom (Chart in article)
    • Chart, Homeowner Vacancy Rate
    • U.S. Home Ownership Rate Falls to 7-Year Low 
    • Funny Colbert Report Video 
    • U.S. Dollar 
    • Treasury to Outline Bank Plan Next Week 
    • The Economy and the Future of Health Care (Hat Tip Christopher Peters) 

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  • Blog

    Daily Digest – Jan 30

    by Davos

    Friday, January 30, 2009, 2:23 AM

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    • New Record, Fed, Activity Declined in Every State (Dec. 2008, Charts)  
    • Layoff Daily (Website, Hat Tip CM)
    • US-China currency war eclipses Davos, and threatens the world (Hat Tip PineCarr)
    • Russia, China Blame Woes on Capitalism 
    • Russian Ruble Trouble (Chart)
    • New Home Sale, Monthly, NSA (Chart) 
    • Why Your Bank Is Broke  
    • Bank Bailout Could Cost Up to $4 Trillion: Economists 
    • Initial and Continued Unemployment Claims (Chart)
    • 10-Year Treasury yield reaches key juncture (Chart in article) 
    • NYC Budget Axe To Carve Out $1 Billion 
    • Soros at Davos 2009 (Video)
    • Union leaders condemn delegates on crisis response

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  • Blog

    Daily Digest – Jan 15

    by Chris Martenson

    Friday, January 16, 2009, 12:20 AM

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    Davos is busy so I am filling in here today…

    • Group Led by Volcker Urges More Oversight of Banks
    • Retail sales dive as holiday spending slumps
    • U.S. 2009 auto sales seen at 27-year low
    • Argentine Peso Worst Latin Currency on Devaluation
    • Economic downturn pounds commercial real estate market
    • Warning that house prices may fall by 80%
    • Group Led by Volcker Urges More Oversight of Banks

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  • Blog

    Daily Digest – Jan 9

    by Davos

    Thursday, January 8, 2009, 11:59 PM

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    • Obama taps spending watchdog, eyes Social Security
    • Obama calls for a whole new approach to end crisis
    • Obama warns of dire consequences without stimulus
    • The end of the financial world as we know it (hat tip Luke)
    • Obama assembles powerful west wing (Where is Chris Martenson?)
    • TARP wiped out by downgrades
    • Huge mortgage rally…
    • Same stores sales… down, but not out
    • MBA says commercial real estate market coming under pressure
    • Commercial property loses shelter
    • Flight to safety in 09, USD, gold, Euro, Yen
    • Paulson speaks (video)
    • Joseph Stiglitz and Martin Feldstein discuss stimulus (Charlie Rose video)

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  • Blog

    Daily Digest – Jan 7

    by Davos

    Wednesday, January 7, 2009, 1:40 AM

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    • Metal loses its mettle: Alcoa (AA) cuts like crazy even though it is profitable
    • More observations on the economy, and none of them good
    • Minutes of the Federal Open Market Committee December 15-16, 2008 
    • German billionaire Merckle takes his life amidst financial crisis 
    • Economic slump weakens pending home sales 
    • A sign that credit is going to flow (chart)?
    • The very flawed weekly mortgage applications survey
    • Auto sales (chart)

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  • Blog

    Daily Digest – Jan 6

    by Davos

    Tuesday, January 6, 2009, 1:59 AM

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    • U.S. auto sales continue to skid 
    • November 2008 construction at $1,078.4 billion annual rate
    • Office vacancies soaring, rents falling in major cities 
    • Preview: pending home sales to fall for third straight month 
    • Hoteliers see too much room at the inn 
    • The problem of "Burn Rate" hits mainstream companies 
    • New York Fed begins MBS purchase program 
    • By the numbers – How 2008 shakes out  
    • Obama says economy ‘getting worse’ 
    • Gold Wars (Audio)

     

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