Durable goods bounced back in April, and it was a strong showing. But, I think in terms of relevance, the weak oil demand is going to trump it. Durable goods ordered in April were based on April perceptions and April numbers. We have million barrel inventory builds today.
We all knew that the beginning of the year was strong. Until I see something that more directly challenges my views, going forward, my opinion maintains that the economy is weakening going into the summer. This durable goods number was official realization of old news.
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OT Interesting interview. who knows
http://ec.libsyn.com/p/7/8/6/7867ba2112ed5cef/Willie_the_Jackass_on_2013-05-24_at_09.38.mp3?d13a76d516d9dec20c3d276ce028ed5089ab1ce3dae902ea1d01ce8e31d3cf58b467&c_id=5711302