Friday's Durable Orders showed a huge monthly decline, marking a -10.2% change from the previous month. Not only did Durable Orders decline sharply, the decline was MUCH worse than predicted by the "experts." As of Monday, February 20th, the Market anticipated only a -0.3% change in Durable Orders. By Thursday, February 23rd, the anticipated decline had been revised further to -2.0%. The actual -10.2% change was markedly worse than expected. Below is a graphic representation of this decline.



Below is a copy from Briefing.com showing the actual numbers.



This information can also be found at Briefing.com's Durable Orders

Non-defense durable orders declined 8.1%. Capital goods orders fell even more, with a 1 month change of -23.1%. (The previous day's prediction was for a change of only 0.0%. Off just a little.) Most of this change was in Nondefense Capital goods, which experienced a -20.0% change from the previous month. (The previous day's anticipated change was only -0.2%. Again, off by a just a tad.) Machinery orders declined 2.5%.

The capital goods order decline of 23% suggests a similar decline in true capital investment. It indicates a huge decline in demand for capital goods, as well as a decline in demand for production those capital goods facilitate.

These numbers are NOT indicative of an economy that is "strong, and getting stronger." They're indicative of an economy that is "weak, and getting weaker." They're indicative of an economy that's sinking. And sinking rapidly.

unlawflcombatnt

EconomicPopulistCommentary

Economic Patriot Forum

The economy needs balance between the "means of production" & "means of consumption."

It can only get worse!

http://www.uwsa.com/uwsa-usdebt.html



http://www.impeachbush.org/site/PageServer

http://www.peoplejudgebush.org/crimes.shtml

Why, haven't you heard...

"THIS ECONOMY IS ROARING" -- G W Bush, speech at Grand Ol' Opry

There was an article about this in Time Magazine recently. It's pretty scary stuff. For a "conservative" Bush sure seems to have pissed our money away in short order.

For being religious he certainly hasn't acted in a moral ways either.

He isn't what he led the American public to believe he was all around I would say. When religion is in play it is very easy to manipulate your audience since you already know what they want to hear and what they want you to be.

The economy goes up, the economy goes down much like the stock market.

The massive deficit isn't helping, and that only goes in one direction when you're spending more than you have.

Oh I definitely agree

Imagine what the money Bush has blown could have done for the American people?!?!? Our educational system, the 30-40 million who don't have health care, poverty, etc!

Don't social programs exceed our military spending?? I might be wrong but my economics professor may have mentioned this last year...

Again you are right, Bush is spending quite a bit which could be used to better help the American people.