« WRGO Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

US Factory Orders Drop 1.2%, Durable Goods Orders Drop 3.6%, 67 out of 67 Economists Overoptimistic

By: capt_nemo in WRGO | Recommend this post (0)
Thu, 02 Jun 11 8:49 PM | 32 view(s)
Boardmark this board | Reality news,,,,,,,,
Msg. 00257 of 18626
Jump:
Jump to board:
Jump to msg. #

Add durable goods to the ever-growing pile of stats that suggest the economic growth is slowing rapidly, assuming of course there is any growth at all.

The growth everyone is trumping up is in reality a mirage as noted in the excellent column this morning Can We Please Stop Pretending the GDP Is "Growing"? by Charles Hughes Smith.


What to Expect on Friday?

Garbage. That's what.


http://globaleconomicanalysis.blogspot.com/2011/06/us-factory-orders-drop-12-durable-goods.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« WRGO Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next