Fast Facts

Wall Street Journal Regurgitates Misleading Government Data on Durable Goods

Durable Goods Orders - Click to enlarge

The Wall Street Journal today dutifully reported the Commerce Department’s seasonally adjusted data on Durable Goods orders in July, proclaiming: U.S. Durable-Goods Orders Rebounded in July, Jumping 4.4% However, the actual, not seasonally adjusted data tells another story. It’s easy to actual data to tell if the momentum of the business is gaining or losing ground. Just compare the year…

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