Barry Ritholtz at The Big picture says, “watch the overall trend, not a single report.”
The Big Picture | Durable Goods, Beige Book.
I urge you to read the story, especially the listing at the end of it which shows which sectors are expanding rather than declining. Then come back and tell me - do you think it was a good report?
Tom
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[...] good orders came out better than expected, but if you read the story behind the story at http://www.straighttalkaboutmortgages.com you’ll see that it’s not as good as it [...]
[...] over 30% this week alone. Durable good orders came out better than expected, but if you read the story behind the story at http://www.straighttalkaboutmortgages.com you’ll see that it’s not as good as it sounds. [...]
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