Filed under: Forecasts, Good news, Economic Data

Institutional investors are sometimes chastised for placing too much emphasis on a given economic statistic.

And with good reason: one positive or negative data point doesn’t make a trend, and equally significant — the very data point investors claim ’signals’ the start of new bullish (or bearish) trend, frequently is revised, sometimes substantially — making the previous bullish or bearish conclusion look premature, if not irrational.

That said, there are those ‘telling stats’ that offer a binocular view — what may be ahead for the U.S. economy down the road. And one is: durable goods orders excluding transportation goods [PDF download].

Continue reading Key U.S. Durable Goods Stat Suggests Better Days Ahead for Expansion, Earnings

Key U.S. Durable Goods Stat Suggests Better Days Ahead for Expansion, Earnings originally appeared on BloggingStocks on Thu, 07 Oct 2010 17:30:00 EST. Please see our terms for use of feeds.

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Filed under: Before the Bell, Economic Data

Gross domestic product growth slowed to a 2.4% pace, the slowest in nearly a year, the Commerce Department announced Friday. The reading of this measure of economic activity is too weak to push down unemployment. The quarter saw consumers spend less and retailers limit stock, this combined with the fact that the trade deficit had a larger impact on the economy and we have the formula for some rather unpleasant economic news.

Combine this report with the one indicating that the recession was worse than originally thought and our rosy picture of the economy takes a noticeably gray tint.

Continue reading Second-Quarter GDP Suggests Recovery Is Losing Steam

Second-Quarter GDP Suggests Recovery Is Losing Steam originally appeared on BloggingStocks on Fri, 30 Jul 2010 10:00:00 EST. Please see our terms for use of feeds.

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Economic – Gross domestic product – Recession – United States Department of Commerce – Balance of trade
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