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Original post: Homebuilding Off to Slow Start in 2015; Starts Miss Expectations; Atlanta Fed GDP Forecast 0.1%
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Read More: Another 5.27 Billion in Capital Flight from Greece in March
View the original here: String of Good News Snaps at One: Industrial Production Down 0.6 Percent, First Quarterly Decline Since…
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Incredible Tornado Footage from Illinois, Yesterday Posted by Michael Shedlock at 6:05 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Read More: Peek Inside Caterpillar’s Fully Autonomous Mine Site – Drivers Not Needed
Factory Orders Unexpectedly Rise Snapping String of 6 Straight Declines After six straight months of factory orders unexpectedly declining, economists apparently were finally convinced that bad weather would continue indefinitely. Factory orders rose, albeit barely, and last month was revised way lower, nonetheless it was amusing to see economists expectations were in the wrong direction for the seventh straight month.
Economists Fail to Predict Weather Once Again: Chicago PMI Disappoints Chicago PMI Disappoints Economists expected a rebound in the Chicago PMI index this month following its collapse last month. Alas, once again the weather was much worse in Chicago than economists thought. The Bloomberg Consensus was for a rebound from last month’s dismal print of 45.8 back into positive territory of 50.2 "Companies sampled in the Chicago PMI report continue to report a lull in activity, at a sub-50 March index of 46.3 following 45.8 in February.
See the original post: Earnings "Beat the Street" Manipulation Underway as Profit Warnings Mount