Durable Goods False and Misleading Headlines Bestow Gifts On Wall Street Dealers

The market is taking a huge dump this morning, misled yet again by phony, fictitious, misleading, and flat-out wrong seasonally adjusted (SA) data on Durable Goods orders. The Wall Street conomist consensus guess was for a gain of 0.5% in the SA headline number. Woops. It came in at minus 3.4%. The crowd shit its … Continue reading Durable Goods False and Misleading Headlines Bestow Gifts On Wall Street Dealers

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