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Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher
Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher
After a recent string of 'soft' survey data, this morning we get some 'hard' data and it was far stronger than expected.
Preliminary headline durable goods orders for March rose 0.8% MoM (better than the 0.5% MoM exp), and the first increase after a three month decline to start the year (which was the first 3-month decline since Nov 2019).
The increase took place despite continued weakness in aircraft orders manifesting as a 21.1% drop in nondefense aircraft and parts...
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Mar 11, 2026 / Dave DeCamp
US Responsible for Bombing Iranian Elementary School and Massacring Over 100 Children: Preliminary Investigation
The US is responsible for bombing an elementary school in Minab, southern Iran, during the opening hours of the US-Israeli war against Iran on February 28, a strike that massacred 175 children, the vast majority being young schoolgirls and schoolboys, according to a preliminary US military investigation. People briefed on the investigation told The New […]
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Aug 31, 2026 / Tyler Durden
Politician Busted After FBI Finds $62,900 Buried In His Backyard
Politician Busted After FBI Finds $62,900 Buried In His Backyard
A Southern California corruption case unraveled in dramatic fashion after federal agents discovered tens of thousands of dollars hidden underground at the home of a longtime local politician, according to the NY Post.
Ricardo Pacheco, a former Baldwin Park councilman, was sentenced to 18 months in prison for taking bribes while in office. Investigators recovered $62,900 buried in his backyard, part of more than $83,000 ultimately seized from him.
Federal prosecutors said Pacheco used his position to help private interests win favorable...
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Apr 27, 2026 / Patrick J. Lee
When a Chicken Isn’t Just a Chicken
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.
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