More Weak Data

Still no rational reaction from markets, but the weak data is starting to pile up the confirmations. Durables were weak – negative – and revisions were very negative. PMI flash fell abruptly, although still above 50. Commodities are soft and container rates collapsing.  But the propaganda machine shouts over the reality.

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: