Another Drop in Durable Goods

By |2015-04-24T14:37:50-04:00April 24th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

There were a lot of references to the top-line durable goods figure, which was better at 4% in March, but surprisingly almost every piece of commentary was acquiescent to the very disappointing internals. If there was weather depression in the Q1 “slump” so far, it should have abated in March and kicked off an unmistakable rebound –that was the expectation. [...]