This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

The 2013 Economic Reality Check

VANCOUVER ( Bullions Bull Canada) -- It has become an exhausting process attempting to translate all the fantasy numbers passed off on us as "economic statistics." It's even more exhausting trying to unravel the Machiavellian nonsense dubbed "analysis" -- and then trace back a path to sanity.

So rather than making a futile effort to rebut all of this vacuous propaganda in isolation, this article is an attempt to provide a (necessarily abbreviated) summation of the economic fantasy world presented to us by the mainstream media.

As always, the best place to start in exposing this statistical mythology is the U.S. housing market, since that's where the propaganda machine provides us with the best laughs. Ever since the collapse of the U.S. housing market in 2007 every two or three months the mainstream media has proclaimed the U.S. housing market is "starting to recover."

With the U.S. housing market supposedly experiencing roughly its 20th "recovery" over the past five years, this time the mainstream media assures us they're serious . Let's take a look at what the charts say.

As readers can clearly see, this chart shows new home starts "rising" to a level equal to the worst previous housing recessions in recorded U.S. history. To refer to this as a "recovery" is just plain silly. However, what makes this chart even more absurd is that most of these "housing starts" don't even exist.

We can establish this with certainty by looking at two more U.S. housing charts:

What we see in these two charts are two ridiculous contradictions. When we compare the new home "starts" with "sales" we see the starts have been exceeding the sales by nearly a 2:1 margin every month for the past five years.

Topping that absurdity, we have the inventories chart that shows that despite "starts" exceeding sales by a 2:1 margin, inventories have supposedly plummeted straight down.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $127.20 0.62%
FB $81.21 0.00%
GOOG $575.33 0.00%
TSLA $200.63 0.00%
YHOO $44.16 0.00%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs