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C N N : U S Durable Goods Orders Tumble

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More bear news I am afraid--what a week--and we still have Friday to weather yet:


July durable goods orders tumble

The first decline in three months is deeper than economists expected.
August 24 2006: 8:39 AM EDT
WASHINGTON (Reuters) -- New orders for U.S.-made durable goods fell a much greater-than-expected 2.4 percent in July as civilian aircraft and car orders tumbled, a government report showed on Thursday.
It was the first decline in orders for durable goods, items built to last three years or longer, in three months, a report by the Commerce Department said. Analysts polled by Reuters were expecting durable goods orders to fall by 0.5 percent.

Yet another sign of a recession coming. :o

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some might say it is a sign that interest rates are too high?

Not with runaway inflation.

Stagflation anyone?

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  • 301 Brexit, House prices and Summer 2020

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