Edited by redfoliage2, 24 May 2007 - 07:49 AM.
What Will Be the Spin Now??
#1
Posted 24 May 2007 - 07:44 AM
#2
Posted 24 May 2007 - 07:49 AM
Fed don't want to cut rates
so when consensus is that rates will be cut, they will throw in a too high CPI or PPI
April durable goods orders grew 0.6 percent, slower than estimate. What will be the spin now? Rate cut? No way. The Fed said clearly it's main focus is on the inflation.
#3
Posted 24 May 2007 - 08:06 AM
#4
Posted 24 May 2007 - 08:34 AM
These sorts of statistics - jobs, orders, etc. - were designed to measure the health of a smokestack economy, which the US is no longer. They may still be traded upon by the players who always need catalysts, valid or not. Even should one trust the government's data, it is much less descriptive of the
state of the economy than it used to be. I think one could just watch retail and dining and be fairly hip.
Exactly Selecto! Thx for saying out loud.
rlx, I think your concept has merit, I just don't think the actual info in the reports are the driver.
Edited by jjc, 24 May 2007 - 08:37 AM.