Posted on 01/27/2015 5:44:57 AM PST by Oldeconomybuyer
Orders for durable U.S. goods plunged 3.4% in December, the fourth decline in the past five months, the Commerce Department said Tuesday. The decline was well below expectations. Economists surveyed by MarketWatch had expected durable-goods orders to rise 0.1%. Adding to the sense of weakness, durable-goods orders for November were revised up to show a 2.1% decline instead of a drop of 0.9%.
(Excerpt) Read more at marketwatch.com ...
It looks like we can expect another one percent drop in the gubmint’s “unemployment rate” numbers.
That’s ok. January’s will show a bazillion percent increase to make up for it.
*followed by the revised decrease two months later
**So many bogus numbers what does it matter? The economy stinks for all but a few.
I thought happy times were here agin
Still okay here in Texas.
If oil E&P-related capital goods are included in durable goods, I’m surprised anyone’s surprised.
Surely the Pentagon has just been ordered to figure out how many refrigerators they will need over the next 5 yrs. and cut the PO’s by the end of January.
Do not say things like that comrade! We now live in glorious socialist state with all we need. Uncle Sugar would never lie about new wonderful world we are coming into.
happy times are here!
unemployment rate is down
the president’s budget only proposes 1/2 trillion deficit
terror bombings are on the decrease
so many people are well off- they no longer have to be counted as workers
o’bummer care is in FULL force!- everyone is getting the care they need
AND... I do not need to use the sarc tag
Obama needs to raise taxes to help bootstrap the malaise.
“Unexpected” and “revised numbers” again.
“Surely the Pentagon has just been ordered to figure out how many refrigerators they will need over the next 5 yrs. and cut the PO’s by the end of January.”
The Beltway and environs live in an alternate universe of never-ending tribute and flowing rivers of booze, all fueling the lifestyles of the (fairly) rich and technocrat.
The denizens also have the temerity to tell you that, they too, are struggling.
Cue the fois gras and tear bottles.
Was in D.C. last March. You can literally feel the money bubbling up through cracks in the sidewalks.
Only when you drive out to around Hagerstown and start seeing closed and boarded-up businesses again do you realize you are back in the real world.
Blame the weather.
Blame Bush.
Blame ATMs.
It’s frightening to see all this and realize how completely out of touch these people are with the rest of the country. I realize this is all part of a grand unification theory, and we all know how that works out.
The only thing I tell friends and relatives is to prepare for the blowback. You can’t change the trajectory.
You forgot to say what the new chocolate ration is.
>>Still okay here in Texas.<<
Don’t speak to fast. There are thousands of layoffs in the awl sector coming.
Who writes this stuff, Obola?
We have 27 million people. I imagine we’ll be fine.
Looks like earnings are disappointing the market as well this morning.
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