Wednesday, August 24, 2011

It's The Economy Stupid: Durable Goods Orders

Durable Goods Orders:  A 4.0% increase versus economist’s estimates of 2.0%.  The prior period was revised to -1.3%.  This is a big surprise on the upside, twice the estimate.  The number reflects an increase in demand for air craft and autos which were stronger than a decrease in demand for business equipment.


Yesterday President Obama confirmed that the DC earthquake occurred on a rare and obscure fault-line, apparently known as "Bush's Fault".  However some of the American people believe that it was caused by the Founding Fathers rolling over in their graves.


John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721


Street Address:

301 Main Street

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One American Place, 7th Floor

Corner of North Street & 4th Street

Exit 1D I-110 North Street / Capitol Park / Downtown


No comments:

Post a Comment