Posted on 02/27/2024 6:03:28 AM PST by Eccl 10:2
The numbers: Orders for durable or long-lasting goods sank 6.1% in January, but the decline was exaggerated by a brief lull in orders for Boeing passenger planes.
Economists polled by The Wall Street Journal had forecast a 5% decline.
New orders fell by a mild 0.3% last month if planes and cars are stripped out. Orders minus transportation give a more accurate view of how well businesses are performing.
(Excerpt) Read more at marketwatch.com ...
“Durable-goods orders drop 6.1% in January on fewer airplane contracts”
I’m not sure I’d consider the latest batch of US airplanes as ‘durable’ anymore.
Also, sounds like the government is taking the Ukraine War very seriously or we’d see LOTS of new orders for military hardware. But then, considering the military-hating bunch running the government, should anyone have expected otherwise?
[I’m not sure I’d consider the latest batch of US airplanes as ‘durable’ anymore.]
cough737Maxcough
[but the decline was exaggerated by a brief lull in orders for Boeing passenger planes.]
Oh.....well....duh.....
When inflation tops 15%, you pay a LOT more out of your own resources which could have been saved or invested in more productive endeavors. But even if inflation stops or even subsides, you're still out on those resources that horrific inflation ate up. It destroys wealth.
It's like you're instantly transported back 3 miles on your financial journey to wealth independence.
Excellent post.
There is that “6” and “January” connected to the Brandon Administration again.
Bronco Bama (and friends) is (are) still destroying the United States of America through Potato Where-Am-I Joe
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