As Summer Heats Up, So Does The Rhetoric
Today’s durable goods report was uniformly ugly, if not borderline atrocious. The view from especially capital goods, the vital investment that the US economy sorely needs to snap out of its slump, is that spring is definitely over. Contraction accelerated in almost every corner, with durable goods shipments (ex transportation), for example, falling by almost 4% year-over-year, the worst month [...]
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