A teetering economy

Lots of happy news about May’s increase in durable goods, with speculation about the impact on manufacturing.

Durable goods orders is a key economic indicator as this metric leads future economic activity to no small extent. Think of it this way: as orders for durable goods are placed, businesses will either increase or [...]

Here comes the recession

When trying to forecast the markets one indicator I like to look at is durable goods. A clear proxy for future factory activity, durable goods help us understand how much activity businesses are seeing and in turn can be used to infer possible unemployment and even gross domestic product, GDP. In other words, durable [...]