“Shadow Of The Crisis Has Not Passed”: Durables Goods Orders Collapse
by Tyler Durden
ZeroHedge.com
01/27/2015
Following November’s across the board ugliness in Durable Goods data, the hockey-stick extrapolators all positioned for the bounce back… Only 1 of 57 economists expected a negative print! But the actual data was a total disaster. Against expectations of a 0.3% rise (following last month’s 0.7% drop), December printed down 3.4% and November was revised drasticaly lower to down 2.1%. This is the lowest durable goods ex-transports since March.
The Rest…HERE
