MaxedOutMama
Thursday, August 02, 2012
US - The Story Is Shipments
The final factory report for June is out, and it contains no good news. Most notable is a rise to 1.29 of the inventories to shipments ratio. Non durable goods shipments down 2%, following a drop in each of the previous two months.
Below is a detailed post on today's ECB slapstick comedy routine. The US economy is in a strikingly weak position, and it would have been nice if the Europeans had not decided to shoot themselves in the foot to see if everyone would laugh and buy. I can hardly believe this morning's events - under the circumstances, it was kind of like watching the Dragon set his hair on fire to boost confidence.
