Orders for capital durable goods excluding aircraft, a useful indicator of capital spending, rose in August at 4.1% m / m, after falling 5.3% in the previous month (revised sharply upward). We have noticed before, how ridiculous were weak historical data with such strong data on the level of investment companies in the preceding months. Excluding defense orders and net aircraft industry, the supply of capital goods rose in every month this year, is now showing an increase of 15% y / y. As a minimum, such data will give a substantial increase in GDP in the current quarter. This data on capital expenditure given an additional reason for the growth of the shares on Friday all over the world, adding to the S & P 2% at some point.
Sales of new homes remain at the 18-year low. Sales of new homes in the United States remained in August at the second from the bottom level in the past 18 years. Sales of homes in the South remained extremely low, whereas in the North-East, reinforced by several months. The median sales price fell a further 0.6% m / m in August to $ 206 thousand, to its lowest level since the end of 2003, and 1,2% y / y.
U.S. Treasury is considering selling AIG. How quickly can all change. U.S. Treasury, it seems, considers sale of AIG, the announcement of what is expected to be announced at the beginning of the week. Before that happens, however, need to convert the preferred shares at $ 49 billion, which belong to the Treasury now that they can be sold, probably in the first half of next year.
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