US Factory Orders Post Surprise Fall in April

CNBC ^ | 4 Jun 2012 | Reuters

[Pollster1]

New orders for U.S. factory goods fell in April for the third time in four month . . . orders for manufactured goods dropped 0.6 percent during the month. The government also revised its estimate for new orders in March to show a steeper decline . . . The Labor Department on Friday reported that job creation slowed in May for the fourth straight month.

[Pollster1]

"Surprise" is the new "Unexpected". I'm not sure why yet another month of bad economic news is unanticipated, any more than a downward revision of the previous report should startle any reader.

[Gaffer]

Along with the fiat government, complicit NBC and Reuters are trying some new language intended to imply business is now surreptitiously hiding information with which the government could have positively turned things around. In other words, anyone not government is an economic saboteur.

[TexasCajun]

Drink!

[Pollster1]

Beer stocks are going to do well between now and the election, as the media try to protect their messiah. We should buy BUD

[ScottinVA]

We are fast heading toward a recession, and most Americans have no clue it`s happening.

[Arm_Bears]

Everybody!

[The Sons of Liberty]

"Surprise" is the new "Unexpected". I'm not sure why yet another month of bad economic news is unanticipated, any more than a downward revision of the previous report should startle any reader.

Bingo! These so-called economists that are "surprised" every month by "unexpected" downturns should finally come to the conclusion that we're in the midst of
"The 0bama Depression!"

[rightwingcrazy]

Fall in April? Not surprising, if it were Australia.

[b4its2late]

[EGPWS]

Drink!

Drink (hic)

[EGPWS]

We are fast heading toward a recession, and most Americans have no clue it`s happening.

Don't fall for it, we have been in recession since '08.

[EGPWS]

"The 0bama Depression!"

And the more government dicks with the economy, the longer the depression will go on and the worse it will get.

Reelection and payback to unions ect. are MUCH more important than the survival of the economy.

[BookmanTheJanitor]

the economic “experts” have a sweet gig...where else can you be wrong most of the time and still have a job? (other than politics & the media)

[ScottinVA]

In varying degrees, that`s for sure. But the economic stats will soon bear it out, leaving no doubt.

[roadcat]

And the more government dicks with the economy, the longer the depression will go on and the worse it will get.

Just like the 1930s all over again. People nowadays think the Great Depression happened instantly in 1929. But it was a gradual slide that got worse and worse as the Roosevelt administration did all the wrong things to "fix" the economy. It got worse for an extended ten years until the war fixed it. We're now in for an extended downward slide with no fix in sight.

[EGPWS]

It got worse for an extended ten years until the war fixed it.

The economy didn't get back to '29 levels until the mid 50's.

[okie01]

Just like the 1930s all over again. People nowadays think the Great Depression happened instantly in 1929. But it was a gradual slide that got worse and worse as the Roosevelt administration did all the wrong things to "fix" the economy.

To be honest, it was Hoover who first intervened in the economy, raising taxes and spending "pump-priming" money.

Once Hoover was defeated in 1932, Roosevelt simply continued his intervention policies -- and they worked no better for him than they had for Hoover.

Ironically, Hoover correctly gets the blame for starting the Great Depression, while Roosevelt undeservedly gets the credit for ending it. Yet, they both followed exactly the same policies -- policies which only made things worse.

[EGPWS]

...as the Roosevelt administration did all the wrong things to "fix" the economy.

[BfloGuy]

It got worse for an extended ten years until the war fixed it.

The War didn't fix it -- war may be necessary sometimes, but it doesn't cause economic growth. When the war ended, the newly-elected Republican Congress ended the New Deal "reforms" and the economy took off.

[roadcat]

I should have been clearer. The war set up conditions for a recovery. The U.S.A. was largely unscathed by war, while Europe and other continents had seen devastating ruin. With our ability to ramp up production and sell to the world, we recovered. This time around, it won’t happen. This downward slide will be tough to turn around, and may take decades.