Very good data today. But how reliable are they?

[blnbr]

We’ve got some pleasant surprises for the economy this morning.

Core Durable Goods Orders m/m 3.9% vs forecast - 2.0%
Durable Goods Orders m/m 3.4% vs forecast - 2.3%
New Home Sales 337K vs forecast 322K

Good news. But how reliable are they? Is this a sign for the economy turning for the better?

 

[jueco2005]

Its a sign of nothing. That doesnt say anything real about the economy.

 

[ByLoSellHi]

Look at the downward revisions for the prior month.

These reports are horseshit. It reminds me of the wildly inaccurate unemployment claims reports understating claims by pretty wide margins, that kept getting revised, last year.

All this inaccuracy does is destroy confidence.

 

[blnbr]

Quote from ByLoSellHi:

Look at the downward revisions for the prior month.

These reports are horseshit. It reminds me of the wildly inaccurate unemployment claims reports understating claims by pretty wide margins, that kept getting revised, last year.

All this inaccuracy does is destroy confidence.

I hope the wide margin inaccuracy not due to some kind of tampering

 

[Renegen]

Of course it is.

 

[blnbr]

Quote from Renegen:

Of course it is.

Tricky! Then how do we know which number is reliable and which is not? Or should we just ignore the economic data