The Facade Of Recovery Beginning To Crack

Capital follows secular trends and breaks in counter trend reactions while headlines focus on the short-term. The facade of a economic recovery is beginning to crack. Any decay in the 'real' economy will be met with additional liquidity.

Real Business Core Capital Spending: Real or CPI-Adjusted New Orders of Durable Goods ex. defense and aircraft (RBCCS) and YOY Change


Gold-Adjusted New Orders of Durable Goods ex. defense and aircraft (BCCSGLDR) and YOY Change



Headline: U.S. durable-goods orders fall 0.9% in February

Orders for U.S. durable goods in February posted the biggest drop in four months, falling 0.9% largely because of lower sales of machinery and defense-related products. Orders minutes the volatile transportation sector also fell, down 0.6%, the Commerce Department reported Thursday. Economists surveyed by MarketWatch has expected orders to rise 1.5% overall, or an even stronger 2.5% minus transportation. Orders for January, meanwhile, were revised up to a 3.6% increase. The government originally reported that total orders rose 3.2% in January.

Source: marketwatch.com