Durable Goods

Durable goods has always been a complicated metric. I might go so far as to say it is the most difficult to correctly interpret metric that the government releases. Macroblog has pulled together the best summaries of these new numbers, and as you can tell there are a wide variety of interpretations... and I don't think any of the interpretations are trying to push any personal agenda. check macroblog at http://macroblog.typepad.com/macroblog/2006/06/durable_goods_o.html

Personally, I don't have much to say on the new number, but...

I hope the decreasing volatility continues. Perhaps better analysis/forecasts due to the improved business communcations (internet), and more transparent capital markets have been helping. The mid 90's to present sure look more stable