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Mixed Signals

8:58 AM, Mar 27, 2014 • By GEOFFREY NORMAN
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As Bloomberg is reporting:

Applications for U.S. unemployment benefits unexpectedly declined last week to an almost four-month low, a sign companies are confident in the outlook for demand.

Reports earlier this week were either promising or ominous, depending.  

Orders for long-lasting U.S. manufactured goods rebounded in February, but a surprise drop in a gauge of planned spending on capital goods pointed to sluggish economic growth this quarter.  Reuters

Purchases of new homes in the U.S. fell in February to the lowest level in five months, a sign the industry may take time to pick up after inclement weather damped demand earlier in the year. Bloomberg

U.S. consumer confidence rose in March to its highest in more than six years as expectations brightened, according to a private sector report released on Tuesday. Reuters

The economy, it seems, will not be pinned down nor will it do the easy thing or conform to the expectations of economists.

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