You’re right. I think it was all the plasma screen tvs that TOTUS was ordering. All hail totus.
If the gubmint would just lay off, the recession would end naturally...but TOTUS and Congress keeps messin’.
I'm sure it's just a coincidence that January was the last partial month of the Bush Admin and February was the first full month of the Obama Admin. So now Obama looks better and Bush looks worse.
Someone’s going to have to prove to me that this uptick was govt related. They hadn’t even cut the checks from the stimulus package by then.
Perhaps manufacturers are automating to cut their workforce. With the prospect of more unionization via Card Check it makes sense. As an aside I recently bought a piece of new equipment for my company at a steep discount. The price was comparable to a piece of used equipment!
the reality of the Durable Good Orders is that this report is one of the most volatile reports that is given monthly and bond traders don’t put much faith in it, but stock ( day ) traders will trade on anything
“Year over year, February durables were 28.4% lower, in unadjusted terms.”
That’s the REAL comparison - and its dismal.
Lot’s of signs the economy is stabilizing ... at a lower level than previously. Just like the stock market ... it is ‘surging’, back to levels well below the levels of January 1.
More Fantasy numbers.