June durable goods orders continue rebound Last week I wrote a synopsis of the short leading indicators and what they suggested about the ultimate Presidential election result in November. Basically, they have improved over the last several months and suggested the polls would tighten compared with the present. Among the missing June indicators were durable goods. They were reported this morning, and continued their sharp rebound from May, making up in total about half of their pandemic decline: This adds to the evidence that the economy is likely to be better in November than it was in Q2, so adds incrementally to the idea that the race will tighten somewhat compared with recent polls.
Topics:
NewDealdemocrat considers the following as important: US/Global Economics
This could be interesting, too:
Bill Haskell writes Opinion Piece “China’s One-Child Economic Disaster”
Angry Bear writes What Happens When Corporate Places Greater Emphasis on Stock Buybacks Rather than Quality?
Angry Bear writes Why electric cars of the future might be smaller, safer, and fewer
Angry Bear writes Topping up as part of an integrated neighborhood approach
June durable goods orders continue rebound
Last week I wrote a synopsis of the short leading indicators and what they suggested about the ultimate Presidential election result in November. Basically, they have improved over the last several months and suggested the polls would tighten compared with the present.
Among the missing June indicators were durable goods. They were reported this morning, and continued their sharp rebound from May, making up in total about half of their pandemic decline:
This adds to the evidence that the economy is likely to be better in November than it was in Q2, so adds incrementally to the idea that the race will tighten somewhat compared with recent polls.