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US Core Durable Goods Orders Surge For 11th Straight Month
US Core Durable Goods Orders Surge For 11th Straight Month
After recent string 'soft' survey data, this morning we get some 'hard' data and it's mixed...ish...
Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019)
Source: Bloomberg
The monthly decline of the headline print largely reflected a decline in orders for aircraft.
Boeing said it received fewer orders for its planes in February than a month earlier.
On the other hand, core durable...
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Mar 20, 2026 / Tyler Durden
Dr. Oz Says He's Eyeing Florida In Medicaid Fraud Crackdown
Dr. Oz Says He's Eyeing Florida In Medicaid Fraud Crackdown
Authored by Jack Phillips via The Epoch Times,
The administrator of the Centers for Medicare and Medicaid Services (CMS) confirmed this week that his office is eyeing Florida for instances of potential health care fraud.
Dr. Mehmet Oz, also known as Dr. Oz, wrote on March 17 on X that what he saw in Florida “around durable medical equipment fraud was horrifying” and indicated that Florida and Gov. Ron DeSantis, a Republican, are “next up” in his fraud investigation.
“The scale is out...
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Mar 29, 2026 / Tyler Durden
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Mar 12, 2026 / Ryan McMaken
Only Power Can Check Power
The radical classical liberals of the past were not so naive as to think that words on paper would prevent the abuses of the central state. Allowing the central state to have a monopoly on coercive power is always a mistake.
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