Rates have been moving up with the Feds. talk of "tapering off" on purchases of treasuries and no more QE's! I am a contrarian! Almost everyone out there thinks that we a in a "deflationary" market! I think we are heading to "unpredicted inflation" and we can already see it! Just go to the supermarket or the gas pumps! Also with all the governments of the world printing money, we are looking at much more inflation!
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Durables Orders for April came in better than expected. However, on average for the core, this means that manufacturing merely is less sluggish than believed last month. New factory orders for durables in April rebounded 3.3 percent after dropping a sharp 5.9 percent in March (originally down 6.9 percent). Analysts expected a 1.1 percent increase. The transportation component gained 8.1 percent after falling 14.7 percent in March. Excluding transportation, durables orders rebounded 1.3 percent, following a decline of 1.7 percent the month before. The consensus called for a 0.4 percent increase in orders excluding transportation.
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