Tuesday, February 28, 2012

It's The Economy Stupid: Dance Steps

It’s a good thing I took some dance lessons.  The economic data is kind of doing a two-step.  Two steps forward, one step back, with a lot of twists and twirls.  Let’s just hope the music doesn’t stop.

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Durable Goods Orders

JAN

-1.0%

-4.0%

3.0%

3.2%

Durables Ex Transportation

JAN

0.0%

-3.2%

2.1%

2.1%

Cap Goods Orders NonDef Ex Air

JAN

-1.3%

-4.5%

2.9%

3.4%

Cap Goods Shipped NonDef Ex Air

JAN

-0.9%

-3.1%

2.9%

2.8%

 

Be careful out there on the dance floor!  Don’t step on your partner’s toes!

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

 

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