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Durable Goods: Rise Confirms Recovery

This morning’s news that durable goods orders rose for the fourth month out of the last six adds substantial weight to the expectation that we are well into a recovery. Durable goods are those large expensive things that businesses, particularly factories, use as they ramp up production and other activity. That sales of durable goods […]

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Consumer Confidence … Up?

Given that only yesterday I was reporting on the Conference Board’s data showing that US consumer confidence had fallen for the second straight month, you can imagine my surprise when I came across a report from Nielsen with the headline: “US Consumer Confidence Up For First Time Since 2007”. The report comes through the Reuters […]

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Pre-GDP news

As we wait for the GDP release later this week we are still getting insight into the state of the economy courtesy of the normal flow of lesser data points. For instance today we learned that home prices edged up 1.2% in August – that came from the Case Schiller index; and that consumer confidence […]

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