new orders

Durable Goods And 1998

By |2019-05-24T11:53:29-05:00May 24th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

We have arrived at revisions season once again. It’s that time of year when many if not most (I don’t actually keep track) of economic accounts undergo heightened scrutiny. More data is collected from more comprehensive surveys using far larger samples. These are compared to the existing high frequency panels and changes are made as [...]

The Only Equation Which Matters?

By |2019-04-02T12:05:35-05:00April 2nd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Ever since the widespread adoption of the rules, so to speak, of Positive Economics the discipline has been trading intuitive sense for mathematics. The equations of econometrics are, for Economists, more “real” than reality. To get to those statistical regressions it requires a whole lot of subjectivity. It doesn’t seem that way at first, or [...]

Even Biased Upward, Something’s Up With US Manufacturing

By |2019-02-22T16:07:43-05:00February 22nd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In February 2015, IHS Markit thought that the US manufacturing sector might be slowing quite against every expectation. Its final PMI reading for the month of January was 53.9, down quite a bit from highs registered in the middle of 2014. Some of those fears seemed put to rest the following month when the flash [...]

US Manufacturing Questions

By |2019-02-04T16:20:34-05:00February 4th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The US economic data begins to trickle in slowly. Today, the reopened Census Bureau reports on orders and shipments to and from US factories dating back to last November. New orders for durable goods rose just 4.5% year-over-year in that month, while shipments gained 4.7%. The 6-month average for new orders was in November pulled [...]


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