Global Market Commentary From Russ Certo

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Tue, 02/22/2011 - 02:58 | 984465 hugovanderbubble
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Thx Russ ,

Tue, 02/22/2011 - 03:13 | 984477 Temporalist
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Home Sales Data Doubted

Realtor Group May Have Overstated Number of Existing Houses Sold Since 2007

"The housing crash may have been more severe than initial estimates have shown.

The National Association of Realtors, which produces a widely watched monthly estimate of sales of previously owned homes, is examining the possibility that it over-counted U.S. home sales dating back as far as 2007.

The group reported that there were 4.9 million sales of previously owned homes in 2010, down 5.7% from 5.2 million in 2009. But CoreLogic, a real-estate analytics firm based in Santa Ana, Calif., counted just 3.3 million homes sales last year, a drop of 10.8% from 3.7 million in 2009. CoreLogic says NAR could have overstated home sales by as much as 20%."

Tue, 02/22/2011 - 03:14 | 984480 dick cheneys ghost
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china now blaming the West for formenting unrest.......things are heating up everywhere.

Tue, 02/22/2011 - 03:53 | 984497 suteibu
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Dude...nice site and good catch.

Tue, 02/22/2011 - 03:18 | 984481 onarga74
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There we go...spx futures now down almost 18 (new lows). QabluEy2.

Tue, 02/22/2011 - 08:55 | 984670 Rusty Shorts
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video blocked in the good 'ole USA

Tue, 02/22/2011 - 11:26 | 985199 suteibu
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If you use Firefox, get an extension called "Stealthy" to fix that problem.

Tue, 02/22/2011 - 04:48 | 984511 Coldfire
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I can't decide whether this missive is incredibly profound or profoundly banal.

Tue, 02/22/2011 - 05:29 | 984528 Sudden Debt
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This one tells the future of QE3 pretty nicely :)


Tue, 02/22/2011 - 06:13 | 984554 Instant Karma
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The Karma is bad. Sell stocks. Buy gold.

Tue, 02/22/2011 - 06:49 | 984573 Oh regional Indian
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Funny that bankers think more about currency/rate stability/positioning rather than people/food/starvation etc.

All central bankers need to be deposed. 

The autocrats currently feeling inconvenient heat are just deflectors for banker crimes.


Tue, 02/22/2011 - 07:47 | 984602 oldmanofthesee
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Still BTFD?

Tue, 02/22/2011 - 08:03 | 984612 DeltaFunctionToronto
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"The stakes are high and any investment theses must aspire to handicap risk premium of potentially explosive re-arranging of deck chairs of all things political GLOBALLY."

The market is always tardy in coming to this realization.

Tue, 02/22/2011 - 08:13 | 984618 unky
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Tue, 02/22/2011 - 08:27 | 984637 max2205
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I guess Holder was right. We are a Nation of cowards. Esp Wisc Dems...very cowardly action to run and hide. They should be fired. How they acted is dereliction of duty AWOL. A private would be thrown in the brig.

Congress is beyond cowards and fails to lead and prosecute. Watergate was peak politics.

Tue, 02/22/2011 - 09:27 | 984723 Al Gorerhythm
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Watergate was peak journalism.

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