May 2017 New Orders for Durable Goods Continued the General Pattern of
Weaker-than-Expected Headline Economic Reporting


Despite Downside Revisions to April, May Orders Declined for the Second Month,
Both Before and After Inflation and/or Commercial Aircraft Orders


As Consensus and the Fed Forecasts Shift Towards a Contracting U.S. Economy,
Financial Markets Should Face Increasing Instabilities and Turmoil

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