Mar
25

Lackluster Predictions

Sales for US durable goods fell 0.9% in Feb. Economists were looking for a rise of 1.5%. Oh well! Orders have declined in 4 of the past 5 months. Core capital goods (excludes volatile defense and transportation) declined 1.3% on the heels of a 6% decline in Jan. I am going out on a limb and predicting Q1 GDP to come in at a lackluster 3.0%.

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