1) The weekly unemployment claims number is going back up towards 400K.
2) Durable goods orders are down.
3) The Fed’s essentially going to do nothing at all about unemployment, non-existent inflation remains the only thing Ben Bernanke worries about.
4) 1st Quarter GDP number tomorrow: anything less than 2% will be seen as disappointing, less than 1% means look out double dip.
Gorilla says: “Not reasons to panic, but it’s clear much more needs to be done!”
Tags: US Economy