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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sun-tzu who wrote (146686)1/29/2002 8:50:18 AM
From: Haim R. Branisteanu   of 436258
 
Oh well the smoke and mirrors continues as in the old days - example Durable Goods Orders

Durable Good Orders Rose 2% expected 1% - sounds rosy -- but last month was revised downwards --- UPS!!

Last month durable good were (-4.8%) or 95.2% from November add 1% you get today a 96.15% level from November.

But the revision to (-6%) brings December to a 94% level add 25 you get only 95.88% level from November

Conclusion - Durable Goods Orders rose LESS THAN EXPECTED!!! over a two month period!!

So misleading reporting continues unabated and they blame ENE for misleading reporting what a country - all smoke and mirrors
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