This is a composite of the ISM Manufacturing and Non Manufacturing New Orders indexes (not the ISM Composite). I have backed out the seasonal adjustment hocus pocus and weighted the index according to the relative weighting of manufacturing and service…
“Durable Goods Orders Rise 4%,” blared the headlines this morning. There was just one minor problem with that. It was not true. It represented the…
The lagged data from the worst housing indicator in the world, Case Shiller, came out this week, following last week’s release of existing home sales…
First time unemployment claims rose by 52,038 to 577,279 in the week ended January 1. The Wall Street captive media is, as usual fudging the…
