April 25, 2012 at 13:23 PM EDT
Capital Goods Flattened Or Down: No Longer Bullish
Capital goods orders no longer stand out as a bullish indicator for the economy. Orders have been flat for the past six months, although I note that there have been lots of upward revisions along that have turned from what looked at first like a slump into what now looks like simply a flat trend.Capital goods shipments (above chart) have continued up...
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