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
Terrible figures all round from the US. If you took out...
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