What Mattered This Week? Consumer Confidence and Durable Goods

I’m going to try something new today. Rather than pick a specific topic to talk about, I’d like to look at the past week and discuss what everything means going forward. When I give talks, the usual title is “Beyond the Numbers,” where I present not only the data but what it means. Indeed, there are a lot of numbers out there every week, and not all of them mean anything. Of those that do, quite a few mean something different than what most people think. So, let’s take a look at what happened in the past week and what it means in the medium to longer term.

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