Posts Tagged ‘factory orders’

FASB, Unemployment, Factory Orders And A Raging Stock Market

According to some of the pundits the equity markets are surging on the news that mark-to-market accounting so far as banks are concerned has been shuttled off to history’s dustbin. In other words, the market values opaque accounting, which is another reason that I fully admit I have no clue as to what drives stock […]

Latest Economic Data Offers Little Comfort

New claims for jobless benefits jumped again last week. Initial claims for the week were up to 626,000 for the week ending January 31. The four week moving average which is subject to much less noise also jumped 39,000 to 582,500. In terms of raw numbers, this puts us at 1982 sort of reporting levels. […]