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Factory Orders & The Jobs Divergence
There was not much unexpected in the factory order data, in fact it was right in line with what we have seen for nearly a year. Orders ticked up slightly, but not outside of expected volatility. The...
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Stall Speed Revisit
If the government shutdown ends in the near future, there will be a data dump unlike anything we have seen before. The September jobs report at the end of October the same time as retail sales and US...
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Focus Is On The Pre-recession Condition
Before the Great “Recession” ended the business cycle as we once knew it, there was a widely accepted concept known as stall speed. In the US, if GDP growth decelerated down to around 2% it suggested...
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