United States durable goods orders came down 14.4% (vs 11.8% expected) to $213 billion in March, the weakest number since 2014.
Core durable goods orders declined by 0.2 % in March.
Orders fall, inventories rise. The decline is simply staggering.
Category Archives: Media
Large Stimulus Packages Do Not Solve A Supply Shock
In this interview I comment on the risks of expecting the large stimulus packages of governments and central banks to boost growth in a supply shock added to a forced shutdown.
Is Now The Time To Buy Gold?
In this interview I explain why the fundamentals for gold are stronger each day, and why silver and palladium should not be ignored in the current crisis.
Continue reading Is Now The Time To Buy Gold?Debt Is Not A Reserve Asset (Video)
Upside-down economics’ defenders say that deficits create savings. The process never starts with deficit spending, but with the assets and wealth of the economy, which can be leveraged only to a certain extent and never decided by the borrower but the lenders. Borrowing is never the first step neither endless.
Continue reading Debt Is Not A Reserve Asset (Video)