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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…

The Daily Data Dive: Here’s Why Existing Home Sales Are In Unsustainable Path

Existing Home Prices and Volume - Click to enlarge

The NAR reported a decline of 3.2% in existing home sales in July. This was the seasonally adjusted fudgepack number. It prompted the Dow Jones flagship Wall Street Journal to trumpet: U.S. Existing Home Sales Fall for First Time Since February I prefer to look at the actual data, using the annual rate of change…

The post Here’s Why Existing Home Sales Are In Unsustainable Path was originally published at The Wall Street Examiner. Follow the money!