U.S. Durable Goods Orders Rise 3.4% in June blared the Wall Street Journal headline this morning. As usual, not only is that not the whole…
Core capital goods orders, adjusted by the PPI to reflect the actual volume of orders over time, fell 1% year to year in April. We…
Factory Orders for March came in at a seasonally adjusted headline number of a 2.1% monthly gain. That was in line with the Street consensus and…
Real Core Durable Good Orders (all orders except transportation equipment and defense capital goods) rose by 1.5% year to year in March. That was the actual,…
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…
By now you have heard of the great news on factory orders and construction spending in July. Construction spending beat consensus expectations. The pundits had…
BULLETIN! ISM REPORTS THAT IT APPLIED THE WRONG SEASONAL ADJUSTMENT FACTOR TO MAY DATA. TOTAL SA FAKE NUMBER SHOULD BE 56, NOT 53.2. REAL NUMBER,…
Actual, not seasonally adjusted real durable goods orders rose 12.1% in March from February. March is typically the strongest month of the year. The current…
December Durable Goods Were Weak The headline number for seasonally adjusted, nominal durable goods orders fell 4.3% in December. That was worse than the lowest…
A few Fedheads are wondering publicly about how QE affects the economy. I have to ignore that stuff because it makes me want to puke.…
