Tag Archive for Business Investment

Durable Goods Orders Not A Durable Indicator

“Orders for U.S. capital goods climbed in August by the most in three months, a sign business investment continues to support the recovery,” shouted Bloomberg today on news that durable goods orders rose in August. Citing the seasonally adjusted data, like Bloomberg, Marketwatch took a much more nuanced approach, “Orders for U.S. durable goods fell…

Treasury Gives TBAC, “On the one hand, on the other hand,” Gobbledygook

The TBAC (Treasury Borrowing Advisory Committee), consisting of representatives of the Primary Dealers, gives a quarterly report to the Treasury in which it discusses the economy and gives the Treasury an estimated schedule of the Treasury’s borrowing needs for the current and following calendar quarters. The Treasury first gives the TBAC an economic statement in…