Eugene David
...The One-Minute Pundit

Sunday, December 19, 2010


Although highly volatile, durable-goods orders can give a sense of whether businesses are investing in machinery.

Orders for durable-goods fell a sharp 3.4% in October with widespread declines across sectors.

JPMorgan Chase economist Mike Feroli said analysts will want to see whether the weakness in October was an aberration.

“Everything else is clicking, we wouldn’t want to see business spending roll over,” Feroli said.


Who's to say this whole "recovery" isn't an aberration?

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