Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Durable Goods Orders Rose Far Less Than Expected
CNBC ^ | 8/25/2010 | Reuters

Posted on 08/25/2010 5:55:16 AM PDT by WWRD

"New orders for long-lasting U.S. manufactured goods rose far less than expected in July and, excluding transportation equipment, posted their largest decline in 1-1/2 years, according to a government report on Wednesday that pointed to a slowdown in manufacturing."

"The Commerce Department said durable goods orders rose 0.3 percent after a revised 0.1 percent fall in June. Excluding transportation, orders dropped 3.8 percent—the biggest fall since January 2009—after rising 0.2 percent in June."

"Analysts polled by Reuters had forecast orders increasing 2.8 percent last month from June's previously reported 1.2 percent fall."

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; Politics/Elections
KEYWORDS: 0pression; durablegoods; economy; ibu; theresthatwordagain; unexpected; unexpectedly
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-75 next last
To: bcsco

Everything the Democrat party has done under the leadership of Obama has been “unexpected”...Unexpected deficits, unexpected drop in employment, unexpected taxes, unexpected sales of homes, unexpected bankruptsies,...


21 posted on 08/25/2010 6:11:28 AM PDT by mosesdapoet ("To punish a province let it be ruled by a professor " Frederick The Great paraphrased)
[ Post Reply | Private Reply | To 7 | View Replies]

To: WWRD
Well, at least these MSM airheads know what to write in advance.

Now, if we could just get them to "expect" the obvious...

22 posted on 08/25/2010 6:12:41 AM PDT by Carry_Okie (The environment is too complex and too important to manage by central planning.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD
Analysts polled by Reuters had forecast orders increasing 2.8 percent

In other words, analysts at Reuters forecasted sales to be TEN TIMES higher than they actually were.

I think they need new forecasters.

23 posted on 08/25/2010 6:13:41 AM PDT by earlJam
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD
Analysts polled by Reuters had forecast orders increasing 2.8 percent

In other words, analysts at Reuters forecasted sales to be TEN TIMES higher than they actually were.

I think they need new forecasters. ******************** Are these the same forecasters who predict Global Warming?

24 posted on 08/25/2010 6:14:26 AM PDT by earlJam
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD
unforeseen, surprising, unanticipated, chance, sudden, astonishing, startling, unpredictable, accidental, abrupt, out of the blue, unannounced, fortuitous, unheralded, unlooked-for, not bargained for and (hat tip here to MrEdd) INCONCEIVABLE!
25 posted on 08/25/2010 6:15:54 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: earlJam

Exactly.


26 posted on 08/25/2010 6:17:14 AM PDT by Ev Reeman
[ Post Reply | Private Reply | To 24 | View Replies]

To: mosesdapoet
Everything the Democrat party has done under the leadership of Obama has been “unexpected”...Unexpected deficits, unexpected drop in employment, unexpected taxes, unexpected sales of homes, unexpected bankruptsies,...

To the MSM, for sure...

27 posted on 08/25/2010 6:18:03 AM PDT by bcsco ("Obama is the navel of his own universe.")
[ Post Reply | Private Reply | To 21 | View Replies]

To: Lazamataz

This ought to be good for another 100 point drop in the Dow.


28 posted on 08/25/2010 6:19:40 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: WWRD

Even the extremely modest gain was due to airlines upping their orders on planes. No relations to the ordinary consumers.


29 posted on 08/25/2010 6:25:29 AM PDT by tobyhill
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD

The reaction to this news was swift. Futures have dipped below the 10,000 mark.


30 posted on 08/25/2010 6:30:41 AM PDT by jersey117
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ev Reeman

But Obama has a formula he learned from a Marxist professor: “Skittles x Unicorns = Utopia”. Of course I have a formula, “Garbage in = Garbage out”, that negates it. I got a B in Accounting at Bentley College. What did Obama get?


31 posted on 08/25/2010 6:35:23 AM PDT by massgopguy (I owe everything to George Bailey)
[ Post Reply | Private Reply | To 19 | View Replies]

To: BenLurkin
You know the drill...


32 posted on 08/25/2010 6:36:35 AM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD

"Far less than expected..."

Wow, that was an Unexpected phrase that happened unexpectedly

33 posted on 08/25/2010 6:39:58 AM PDT by mikelets456
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD
Analysts polled by Reuters had forecast orders increasing 2.8 percent last month from June's previously reported 1.2 percent fall

Start polling some real analysts and get real forecasts.

34 posted on 08/25/2010 6:49:49 AM PDT by CharacterCounts (November 4, 2008 - the day America drank the Kool-Aid)
[ Post Reply | Private Reply | To 1 | View Replies]

To: massgopguy

Zero probably got just that.


35 posted on 08/25/2010 6:52:31 AM PDT by Ev Reeman
[ Post Reply | Private Reply | To 31 | View Replies]

To: WWRD
Less than Expected = UNEXPECTEDLY
36 posted on 08/25/2010 7:00:35 AM PDT by Jemian
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD
Any Bounce In Stocks Is Now To Be Treated As A Shorting Opportunity
37 posted on 08/25/2010 7:04:59 AM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD

“Durable Goods Orders Rose Far Less Than Expected”

Sorry, but this is a funny headline... designed only for the dumb downed....as they will only see “Durable Goods Orders Rose......” The....”Far Less Than Expected” part will not register with their minds


38 posted on 08/25/2010 7:10:47 AM PDT by blueyon (The U. S. Constitution - read it and weep)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WWRD

Actually, the headline is a lie all together as the most meaningful measure of durable goods indicates a serious falloff of orders, as this sentence in the same article indicates:

“Excluding transportation, orders dropped 3.8 percent—the biggest fall since January 2009—after rising 0.2 percent in June.”

Essentially, the headline is the polar opposite of reality.


39 posted on 08/25/2010 7:18:03 AM PDT by catnipman (Cat Nipman: Made from the Right Stuff!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: massgopguy

I believe that the brief ‘recovery’ in the industrial goods sector late last year and earlier this year was due to companies using their cash to update and expand their labor saving technologies. This further enables them to hunker down in the hope of surviving the socialist storm.


40 posted on 08/25/2010 7:25:43 AM PDT by dogcaller
[ Post Reply | Private Reply | To 31 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-75 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson