key data and earnings, page-6

Terrible figures all round from the US.

If you took out transport the manufacturing new orders fell 3.6%, which was well below consensus.

People remaining on unemployment benefits are the highest since 1967 when records began and increasing.

New home sales plunged 14.7% in December, which is the largest monthly decline since 1994.

Fed sowing the seeds for future inflation/high interest rates (last of their worries atm) which should eventually grind the economy to a halt when it finally gets moving.

Cheers
SBC