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Picking Up Signs Of Economic Distress In US
Saturday, February 7, 2015 19:02
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zerohedge.com / by Tyler Durden on 02/07/2015 17:45
Recent US economic data has been disappointing. While perhaps statistical noise, more weak signs continue to mount. Let’s start with the durable goods orders reported recently. The headline stat is a very volatile series because aircraft and/or military orders can be quite lumpy. With that said, there has been a big drop in total durable goods orders in the last six months. Historically, using monthly data, the level of total durable goods orders has an 82% correlation with the S&P 500.
The post Picking Up Signs Of Economic Distress In US appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/07/picking-up-signs-of-economic-distress-in-us/
