U.S. Durables Goods Orders Increased 3.4% in March (Almost 5 Times Analysts' Estimates!!!)

Bloomberg.com ^ | 4/23/04 | Bloomberg.com

[NYC Republican]

Another sign that the economy's on FIRE!!!

[NYC Republican]

This line says it all...

``The manufacturing sector is on fire,'' said Anthony Chan, chief economist at Banc One Investment Advisors in Columbus, Ohio.

[Fury]

Nnnnnnoooooooooooo!!!!!!!!!!!!!!!!

[Semper Paratus]

Herbert Hoover? LOL

[The South Texan]

Tom Daschile and John Kerry are deeply saddened.

[palmer]

One big reason is purchases being moved up before inflation kicks in. Wholesale prices are going up. Just one example, crushed stone is going from $6.50 to $7.50 per ton next month.

[Badeye]

Any questions as to why the Junior Senator from MA is now making the Enviroment his theme? Beside the laughable "Earth Day" stuff this week?

The economy isn't the "issue" it was in past elections. Thats why reporters last week on Tuesday didn't bring it up during the President's press conference. The news is far too good for them to give Bush an "opening" on this topic.

Only fools and Democrats bet against this economy, folks.

[iceskater]

It makes sense - low interest rates have spurred the highest home ownership percentage in our history. All these new homeowners are buying stuff for their new houses. Obviously, new homes are not the only thing contributing to the increase in durable goods but it's definitely contributing.

[Republican Red]

Freeper rules state that anytime the phrase "Tom Daschle is deeply saddened" is posted it must be accompanied by photo.

[Peter J. Huss]

I bought and paid for building my 24 x 32 garage last month for delivery next month (2 months ahead of time) because the price of lumber was going through the roof.

I have, so far, saved almost $400 on the entire cost.

The price for OSB, plywood and trusses have skyrocketed.

[hauerf]

"The economy may expand 4.6 percent this year, the most since 1984 ..."

Hmm, 1984, darn, I've lost track. Was that during the Kennedy or the Clinton administration?

[The Great RJ]

Gee the Democrats and national media may have to change their line..."worst economy in 50 years." to .."worst economy in a decade."

[Republican Red]

CNBC Sqwak Box this morning interviewed Gene Sperling (sp), Kerry's economic advisor, immediately after the number was released.

The guy tried in vain to spin how bad things really are. He actually said "Geroge Costanza (Seinfeld) could be President right now and you couldn't stop this economy from growing". The guy couldn't answer WHY was the economy growing in the first place. It was all terrible, doom and gloom. Even liberal elitist host Mark Hanes was giggling through this interview.

[NYC Republican]

LOL!

[John H K]

Need to find a "Pat Buchanan is deeply saddened" photo sometime, as this sort of news is as much a blow to him and his acolytes as it is to Daschle....

[ClearCase_guy]

Gee the Democrats and national media may have to change their line..."worst economy in 50 years." to .."worst economy in a decade."

LOL! I expect them to continue with the whole "worst economy in 50 years" routine. They think it works for them.

[LS]

Now watch Greenie move to "put out the fire." Can't have inflation, ya know.

[templar]

``Economic stimulus in the United States is producing strong growth, and the Asian economies are improving on last year's outstanding performance,''

Something no one will want to comment on.

High tech, machinery, etc. are highly related to foreign production now days. The dollar dropping on the world markets is going to heavily influence dollar based statistics. U.S. manufacturing jobs are the real measure of American industrial progress, along with the BOT deficit (and debt) figures.

[LS]

Looks like I was right: Yahoo headlines on the economic page is that Dow down due to rate worries. Amazing: great news = Wall Street going down.

[Arrowhead1952]

This pic needs to be part of these articles too.