Skip to comments.U.S. durable goods unexpectedly fall in May (Unexpected Alert!)
Posted on 06/25/2014 4:18:36 PM PDT by Perdogg
Orders for long-lasting U.S. manufactured goods unexpectedly fell in May, suggesting an anticipated rebound in growth this quarter could fall short of expectations, even as a measure of business capital spending plans rose.
(Excerpt) Read more at reuters.com ...
Global Warming is a Real Killer , D’oh
It must have been because of the harsh winter.
People are having to cough up those Obamacare premiums.
Nothing much left after that for many folks
Well, you see, the numbers were artifically reduced by the bitter cold and ice storms in the Northeast in May. So there is nothing to worry about.
We were told that May was the hottest month ever. How can this be?
Hmmm. This comes in the wake of the declining GDP. Are we ready for another recession?
Glad I never started that drinking game. My liver wouldn’t be functional by now.
File Under: Bush Did It
With Pravda, Trud, Red Star and Izvestiya reporting exclusively for us, it should be no problem convincing the masses what is the source of this dastardly deed against The People!
When we catch the culprits, we will take them into the cellars where they belong and with our truncheons and pliers they will squeal like pigs in their haste to confess their awful crimes against The People!
ALL POWER TO THE PEOPLE!!
“””””Hmmm. This comes in the wake of the declining GDP. Are we ready for another recession?”””””””
We never left the last one.
A shrinking economy and inflation has made everyone about 4-5% poorer in a short amount of time.
Many people have replaced larger vehicles with smaller vehicles and assumed that they could continue driving many miles without spending too much on fuel. Many are beginning to realize that they needed to adjust their driving habits, and fuel prices will probably increase much further into the foreseeable future.
When that fuel leaves exhaust pipes, it’s gone. Recreation in faraway places becomes nothing more than memories.
Some of the Joneses know that money can be much better spent on items like generators, small PV solar power plants, batteries, materials for alternative heating energy, getting into much smaller houses, food with good shelf life, toiletries, garden seeds, tools, etc.
It is impossible to make rational investment decisions. The numbers from the government are just plain not believable. The Fed has chosen the banks over savers in a fruitless attempt to affect economic growth or so they say. The market itself is irrational. Good news, bad news, no news it increases P/E ratios as middle class spending power continuously shrinks. Crazy stuff.
“People are having to cough up those Obamacare premiums. Nothing much left after that for many folks”
I think it is worse than that; people have to buy food and such.
“We never left the last one.”
You’re right; here in NJ there was never any recovery, just convenient scapegoats (9/11, George Bush, Hurricane Irene, Hurricane Sandy, polar vortex, blah blah blah). The whole time, more businesses closed, more houses were foreclosed, and less Americans were born...NJ now has a huge imported population, and there is little “American” left here.