Relevant and even prescient commentary on news, politics and the economy.

Durable goods orders: more deceleration, still no recession

Durable goods orders: more deceleration, still no recession  – by New Deal democrat I normally don’t pay too much attention to durable goods orders. That’s because they are very noisy. They don’t always turn down in advance of a recession (see 2007-08), although they may at least stall, and there are a number of false […]