Durable-goods orders climb 4.0% in July

Marketwatch ^ | 8.24.11 | Jeffry Bartash

[Free Vulcan]

WASHINGTON (MarketWatch) — Orders for U.S. durable goods jumped 4.0% in July, mainly because of higher demand for autos and commercial aircraft, the government reported Wednesday.

Yet orders for most other durable goods fell, reflecting continued softness in broad swaths of the U.S. economy.

Economists surveyed by MarketWatch had expected orders for U.S.-made products designed to last at least three years to rise by 2.5%.

[Free Vulcan]

Read past the headline, it really isn't that positive.

[petercooper]

So many different categories.

[Jack of all Trades]

Excluding defense and aircraft, the number is -1.5% FWIW.

[whitedog57]

We are still on the back side of an Austrian credit bubble, so US demand is still weak.

http://confoundedinterest.wordpress.com/

Also, we have to look at the car sales more closely.

[RavenATB]

It's simply a surge in purchasing by people who are preparing for the coming economic and social calamity Obama is trying to trigger.

[television is just wrong]

china just makes more money off of our dilemma.

[the invisib1e hand]

marvelous.

In other news...

European Bank Job ‘Bloodbath’ Surpasses 40,000

Shades of the summer of 2008, amplified.

[television is just wrong]

As long as Zero is in the white house, this is going to continue.

[LibLieSlayer]

Post 3 exposes the lie that this is... our government cannot tell the truth about anything... they have lost the ability to do so... they are THE lie.

LLS

[OB1kNOb]

...our government cannot tell the truth about anything... they have lost the ability to do so... they are THE lie.

A statement worth quoting.

[LibLieSlayer]

Thank you!

LLS