Posted on 04/24/2013 11:21:14 AM PDT by NoLibZone
The terrible economic news released today is so terrible Reuters didn't even attempt to spin it. The headline reads, "Durable Goods Report Delivers More Bad News for Economy," and the story gets right to the point:
Orders for long-lasting U.S. manufactured goods recorded their biggest drop in seven months in March and a gauge of planned business spending rose modestly, adding to signs of a slowdown in factory activity.
Durable goods orders slumped 5.7 percent as demand fell almost across the board, the Commerce Department said on Wednesday.
That is twice the drop economists expected.
Over at Hot Air, Ed Morrissey digs into and explains the numbers, but the media news here is the Reuters' headline. No "unexpectedly"; no spin towards whatever good can be plucked from the bad; and all of this coming just two days before the GDP estimate for the first quarter of 2013.
(Excerpt) Read more at breitbart.com ...
Taking back the House in ‘14 suddenly not looking so good for you, eh, Barry?
Ought to be good for another 200+ on the Magic Dow.
Nothing like double counting, heh? The Enronization of our nation continues.....
http://www.athenaalliance.org/pdf/PolicyonIntangibles-Torino.pdf
Note: See page 3 for list of “Intangibles” to be included in GDP total. This report was from May 2009, so the change has been planned for a while. They know what is going on, they just need to cover it up by ‘rewriting history’.
What difference does it make? The Fed is going to keeping pumping money into the stock market and keep share prices rising.
I'm waiting for some moron to blame it on the Boston bombings. You just know it's coming.
Well since the Republican caused sequester hit women and Muslims hardest, it’s only natural that a terrorist would kill people in Boston. The logic is Solid and the consensus in the MSM is formed.
Only a racist would deny it.
They should and yes... they want to use it too... probably.
LLS
BASTARDS!!!!!!!!!!!!!!!!!!!!!!!!!
LLS
Right on!!...do the opposite of what common sense and the “old” stock market rules tell you and u can make money in this market!!
The answer is to drop regulations (like zoning, environmentalist, etc.) against new, small manufacturing shops and small private property projects. Until then, everyone’s going to do the tighten-up. I suspect that the bureaucratic and anti-competition vanity and stubbornness will go on, though, until *pop*—all manufacturing on US soil vanishes. Then, we’ll have some fun. Enjoy the slide.
BTW, this depression might later be known as a depression caused by political correctness and potty-on-your-neighbor policies.
Archie Bell & The Drells - Tighten up (1968)
https://www.youtube.com/watch?v=Wro3bqi4Eb8
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