Tuesday, January 29, 2008

The Economy is not all gloom and doom...

Kudlow today (in spite of the beating my 401k is taking):

In spite of all the recession talk, the U.S. economy continues chugging along. Just this morning, we received news that new orders for durable goods ended Q4 on a very strong note. We had a 5.2 percent gain. That comes out to 22.6 percent annualized growth over the past three months. Meanwhile, unfilled orders, the leading indicator for sector activity, also showed strength with a 2.5 percent gain for December (20.5 percent over 3 months).

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