The US economy continues to rapidly deteriorate as shown by yesterday's PMIs and today's Durable Goods report. The bond market shows this, as well, and now the "stock market" is struggling, too. That this is all leading to multiple fed funds rate cuts and a resumption of overt QE seems lost on the masses, at present. It won't be that way much longer.
Here are a few links to today's miserable Durable Goods report. As you consider this information, be sure to note the trend over the past few months: