Posted on 10/02/2009 8:18:35 AM PDT by Kartographer
New orders received by U.S. factories posted their first drop in five months in August, government data showed on Friday, going against Wall Street expectations that they would rise.
Orders fell 0.8 percent after rising 1.4 percent in July, which was originally reported as a 1.3 percent increase, according to the Commerce Department. Analysts polled by Reuters were expecting them to gain by 0.3 percent. The drop was the first since March, when they fell 1.9 percent.
Factory orders were also down when compared to August 2008, by 22.5 percent.
(Excerpt) Read more at reuters.com ...
This could be the double-dip recession that has been talked about by economists and Wall Street
They stole my Unexpected!! Those thieves stole my bowl of unexpectedlies!!
I want my unexpectedlies!
going against Wall Street expectations that they would rise.
sigh. Variation of the word unexpectedly. DRINK AGAIN! *BUUUURPPP*
When you use up tomorrows demand today, what do you think will happen?
They expected them to rise? Really? Or was it what they told the public so they could sell their remaining shares to suckers?
“Revealed: The ghost fleet of the recession anchored just east of Singapore”
By Simon Parry Last updated at 8:45 AM on 28th September 2009
“The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year...”
The pic of empty ships, while we would suspect they must exist, is telling nevertheless. Can’t find the Baltic Dry Index info.
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