Bufflehead Cabin

So many economic indicators, so little time… Let’s see: New home sales, up slightly month-to-month (yay!) but still at historic lows and down 34 percent from a year ago (boo!). Durable goods orders surprise economists with a seemingly robust month-to-month jump, (yay!) but a key component — non-aircraft business orders — is down, again, (boo!). Weekly initial jobless claims fall more than expected, providing yet another encouraging sign that we are past the peak for new claims (yay!), but continuing claims break another record for the 17th straight week, indicating that unemployment overall is continuing to rise (boo!). Mortgage delinquencies and foreclosures hit new records (boo, boo, booooooooo!!!)