Durable Goods Big Miss Biggest Sequential Drop Since January 2009

[tritonman]

http://www.zerohedge.com/news/durable-goods-big-miss-4-expected-1-biggest-miss-january-2009
Durable Goods Big Miss -4%, Expected -1%, Biggest Sequential Drop Since January 2009

by Tyler Durden on 02/28/2012 08:35 -0500

And so the transition to the QE3 "economic disappointment" regime begins. Because after the ECB is done with the LTRO it's over for global QEasing, and the Fed is next. Remember- Bernanke's semiannual testimony to Congress is tomorrow. Whatever will he say....

•Headline Durable Goods plunges from +3.2 to -4% on expectations of -1%
•More painfully, Durable goods non-defense ex aircraft down a whopping -4.5% on Exp of -1.3%, down from +3.4%.