It Would Seem Obvious, On the Face of It

…if we weren’t in an election year, with all its heaving, hyperventilating hyperbole (i.e.: recession, apartheid, ad nauseum).

December durable orders rose 5.2%, larger than the expected 1.6% rise. Excluding transportation, orders still rose a healthy 2.6%. This strong level of orders in December does not support the assertion that the economy is in a recession.

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