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Capital Goods Shipments Tumble, 6th Miss In A Row
Despite proclamations that "the shadow of crisis has passed," November durable goods orders were weak, December durable goods orders were weaker, and while January's noisy headline Durable Goods Orders beat expectations (+2.8% vs +1.6% exp), ex-Transportation it missed (printing +0.3% vs +0.5% exp.). A quick glance at YoY core capex and it is clear that the crisis has anything but passed. Capital Goods shipments fell a greater than expected 0.3% (against expectations of a 0.2% rise) for the sixth miss in a row and 3rd drop in the last 4 months.
Does this look like the crisis has passed?
And the rest of the data hardly seems like it is screaming record highs for stocks...
Ex-Transports rolling back over...
And Core Capex flat...
Perhaps - if the shadow of crisis has passed, then that means the crisis is coming next?
Charts: Bloomberg
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FED credibility is at an all time high.
Next it will be the shadow of the shadow of the crisis has passed. Either that or the shadow was actually the precursor of the actual crisis?
Dhs money fail then boom somewhere then unlimited money and power for safe prison
Eh, is this why the Euro is collapsing? Or did something happen with Greece?
Would it be safe to say that alot of this ripple from the port strike?
"Ripple" is not considered a Durable Good .... it's more in the mouth wash category !
Lot's of Schadenfreude for the sky is falling crowd ! Oh, wait .... that R me !
Modern capitalism is indeed a wondrous thing. Since the system no longer needs capital expenditures, it follows that it does not need capital goods to proceed along its merry path.
The system needs only financial products and modest consumer items, such as cans to kick.
Who needs durable goods when you have a durable god that helped you steal all money and power? Gentiles have no thieving god because we've got the ink and paper! Rabbi Shitstick
Only the Shadow knows....
Stopped buying gentiles have? No money gentiles have. Ask for our leadership soon they will... Oh wait! ... Now we lead them. Choose someone else to lead them they should? Rabbi Shitstick