“Not-So-Durable” Recovery: Durable Goods Down -7.3% For July (2nd Worst Since Recession)

Confounded Interest ^ | 08/26/2013 | Anthony B. Sanders

[whitedog57]

The first story that popped up on my computer was NOT declining durable goods orders. It was a story on Yahoo that “Miley Cyrus Snatches Crown for Queen of Obscene” from Lady Gaga.

mcob

But back on the planet earth, US durable goods orders was expected to decline -4.0%, but fell more than expected at -7.3%. This comes after a print in June of +4.2% (which was revised downward to +3.9%).

dg082613

This is the 2nd worst drop in durable goods print since January 2009.

But if we remove transportation (such as airplane orders), durable goods orders only fell -0.6%. But expectations were for +0.5%; that is an “over-under” miss of 1.1.

dgdatajul13

dgextrran082613

Stay classy, Miley.

rb

[whitedog57]

2nd worst since Obama became President. Sheesh!

[sr4402]

Think this 'Recovery' is no more than hogwash. Unemployment and other figures are jimmied. Inflation does not take into account food and other essentials.

And I continue to see new strip malls empty of near empty as usual.

No, the economy continues to be suppressed by the government through excessive regulations and bad business expectations of it. Government threats to businesses continue unabated and the EPA has gone rampant.

It's Going to be a Bumpy Ride. Watch your Head and Clench your Bottom.

[LibLieSlayer]

I see... a DEPRESSION under a rat president is a recovering recession but a booming economy and 4.25% unemployment under a republican president is a depression.

[Cringing Negativism Network]

Bring back US industry now.

[BenLurkin]

UNEXPECTED!