Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. durable goods post largest drop in nearly a year
Reuters ^ | August 26, 2013 | Reuters

Posted on 08/26/2013 6:06:47 AM PDT by John W

(Reuters) - Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods tumbled, casting a shadow over the economy early in the third quarter.

The Commerce Department said on Monday durable goods orders dropped 7.3 percent as demand for goods ranging from aircraft to computers and defense equipment fell. That was the biggest decline since last August and snapped three consecutive months of gains

Orders for these goods, which range from toasters to aircraft, had increased 3.9 percent in June.

Economists polled by Reuters had expected durable goods orders to fall 4.0 percent.

Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 3.3 percent, breaking four straight months of gains. It was the biggest fall since February.

(Excerpt) Read more at reuters.com ...


TOPICS: News/Current Events
KEYWORDS:

1 posted on 08/26/2013 6:06:47 AM PDT by John W
[ Post Reply | Private Reply | View Replies]

To: John W

Recovery Summer 4.0. Happy Days are here again! lol


2 posted on 08/26/2013 6:08:21 AM PDT by Starboard
[ Post Reply | Private Reply | To 1 | View Replies]

To: Starboard

Yes. Love this Obama covering paragraph-—

“The decline in orders for both durable and capital goods suggested manufacturing will probably not bounce back as quickly as many economists had expected after hitting a speed bump early in the year.”

How many “speed bumps” have there been in the last four and a half years?


3 posted on 08/26/2013 6:10:21 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: John W

Reporting By Lucia Mutikani, Editing by Andrea Ricci


4 posted on 08/26/2013 6:11:13 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

When will the ObamaBots at CNBC admit that for eaach of the last three years their phony Obama “recovery” has turned into a “summer swoon”?


5 posted on 08/26/2013 6:18:11 AM PDT by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W
Healthcare Recession
6 posted on 08/26/2013 6:20:21 AM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

Meanwhile, the US national debt marches inexorably upward toward $17 Trillion. We should “arrive” at that number sometime next month. Unfrotunately there are no speed bumps on this road.

Someone recently described the US economy as being in a “stealth depression”. Pretty good description.


7 posted on 08/26/2013 6:20:50 AM PDT by Starboard
[ Post Reply | Private Reply | To 3 | View Replies]

To: John W

Who can buy big ticket items on part time pay?

This should come as no surprise with the ACA Monstrosity staring us in the face.


8 posted on 08/26/2013 6:21:05 AM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

I’m still trying to figure out how many dips we’ve had. At one point economists were worried about a double dip. That came and went. I think we’re up to a sextuple dip or beyond now.

We need a cheer leading alert for the admin sycophants to tell us it isn’t as bad, still, as we think.


9 posted on 08/26/2013 6:21:05 AM PDT by meatloaf
[ Post Reply | Private Reply | To 3 | View Replies]

To: meatloaf

Recovery Autumn!


10 posted on 08/26/2013 6:21:26 AM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Red in Blue PA

Who can buy big ticket items on part time pay?

**********
LOL! Champagne tastes on a beer budget. :)

Seriously, you’re absolutely right. Even if you have a full time job there’s the worry that the ACA monstrosity could reduce your hours and increase your medical expenses.

Obama has destroyed the American Dream.


11 posted on 08/26/2013 6:28:36 AM PDT by Starboard
[ Post Reply | Private Reply | To 8 | View Replies]

To: Starboard

They planned that.

During the 2008 campaign they railed against “middle-classism”, the idea that everyone should work hard to become middle class. Yes, they rejected this. They said people should work in non-profit orgs and stuff.

Remember what Pelosi said about being on welfare so you can be an artist or whatever.

The middle class is also always one of the first things socialists and communists destroy.


12 posted on 08/26/2013 6:31:50 AM PDT by GeronL
[ Post Reply | Private Reply | To 11 | View Replies]

To: Red in Blue PA

Mr. & Mrs. America....you best wake up and realize that Obamacare, etc. is going to kill not only good medical care in the USA....but, worse, it will destroy millions of jobs. If you have not figured it out yet...Obama has no love for the USA....he is working to destory our economy...and, with it, our nation.

So.......Sign & Endorse the Lee/Cruz defund Obamacare petition!!! All the Obama destruction, across the board, is clearly on the writing board for you all to see!!! Sign the petition TODAY...Right Now, and join the 600,000 Americans that have done so already!!!

(”www.dontfundobamcare.com”)


13 posted on 08/26/2013 6:33:05 AM PDT by JLAGRAYFOX ( My only objective is to defeat and destroy Obama & his Democrat Party, politically!!!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: JLAGRAYFOX

Typo in your link. Should be:

http://www.dontfundobamacare.com/


14 posted on 08/26/2013 6:37:30 AM PDT by Starboard
[ Post Reply | Private Reply | To 13 | View Replies]

FReepathon
Day 57.

Please donate today.

15 posted on 08/26/2013 6:39:37 AM PDT by RedMDer (http://www.dontfundobamacare.com/)
[ Post Reply | Private Reply | View Replies]

To: GeronL

The middle class is also always one of the first things socialists and communists destroy.

********
True that. Make it so that both the poor and rich are beholden to the government. Eliminate that pesky, independence that the middle class represents.


16 posted on 08/26/2013 6:41:33 AM PDT by Starboard
[ Post Reply | Private Reply | To 12 | View Replies]

To: Starboard

Thanks!!!


17 posted on 08/26/2013 6:45:16 AM PDT by JLAGRAYFOX ( My only objective is to defeat and destroy Obama & his Democrat Party, politically!!!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Starboard

yep

Impoverished peasants on the dole are much easier to control, so are a few large corporations without all the small businesses mucking things up.


18 posted on 08/26/2013 6:46:10 AM PDT by GeronL
[ Post Reply | Private Reply | To 16 | View Replies]

To: GeronL

I remember shortly after Dear Leader was elected, Rush was mentioning how his plans had a ZERO percent chance of pulling America out of the recession. Obamanomics simply couldn’t and wouldn’t work, no matter how hard the libs tried. It’s a simple matter of math and economics, kind of like trying to fit a square peg into a round hole. We’re now almost five years into Dear Leader’s economic recovery and, as Rush predicted, it’s just not working. And it won’t.


19 posted on 08/26/2013 7:00:39 AM PDT by Kharis13 (That noise you hear is our Founding Fathers spinning in their graves.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Kharis13

bump
very true


20 posted on 08/26/2013 7:01:59 AM PDT by GeronL
[ Post Reply | Private Reply | To 19 | View Replies]

Comment #21 Removed by Moderator

To: John W

And now the DJIA is up a very small amount because this news eases their concerns of Fed tapering. Bizarro World.


22 posted on 08/26/2013 7:47:16 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

All these financial numbers are cooked. The only reason they are putting out some bad numbers is to lower surging bond yields. They know that the party is over if treasury bond yields keep going up.


23 posted on 08/26/2013 7:58:26 AM PDT by Revel
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

But, but everyone is getting those new 29 hour per week jobs. They should be buying all kinds of stuff.


24 posted on 08/26/2013 8:48:49 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson