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Reports and Positive Spin

Read between the lines.

Demand for durable goods up 1.9% for April, but show a drop (revised) of 2.1% for March. Net demand for past two months at negative 0.2% rate.

New orders increased 0.8% in April, however dropped 2.7% in March. Net new orders for past two months at negative 1.9% rate.

GDP fell in Q4/08 by 6.3% annual rate, and continued the decline in Q1/09 by 6.1% annual rate. An improvement? Of two tenths of one per cent. At least these numbers are going in the right direction!

Disclosure: No position.