Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

C N N : U S Durable Goods Orders Tumble

Recommended Posts

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

http://money.cnn.com/2006/08/24/news/econo....reut/index.htm

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

Share this post


Link to post
Share on other sites

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

Not with runaway inflation.

Stagflation anyone?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.