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  • Noted Economist Says You Should be Worried About Latest Durable Goods Report: Here’s Why

    09/29/2012 1:05:50 PM PDT · by nhwingut · 14 replies
    The Blaze ^ | 09/29/2012 | Becket Adams
    Demand for durable goods (i.e. items that are expected to last for at least three years) is on the decline and a report released on Thursday shows that it has sunken to levels not seen since 2009 — the height of the Great Recession. “The Commerce Department said Thursday that total durable goods orders fell 13.2 percent in August. That’s the biggest drop since January 2009 when the country was in recession. Aircraft orders fell by nearly 102 percent, pulling down the headline figure,” the Associated Press reports. Economists had originally predicted a decline of maybe 5 percent. Obviously, they...