Subscribe: RSS Feed | Twitter | Facebook | Email
Home | Contact Us

Posts Tagged ‘where is the economic recovery’

What Recovery? Durable-Goods Orders Drop Off Cliff

Posted by Larry Doyle on August 26th, 2013 9:27 AM |

The economy might never look better for those involved in crony, rent-seeking pursuits.

For the rest of us, continued belt tightening is the order of the day.

With wages remaining stagnant, we now get to swallow a heaping of further economic gruel as large-ticket durable goods orders are reported to have taken what might only be compared to a swan dive off a tall cliff.

How long a dive and what is the degree of difficulty connected with this report? “Only” a 7.3 percent decline . . . OUCH. Brace yourself for a large splash and likely bodily injury upon entry.

Let’s review the dive a little closer as the WSJ covers the scene:

Recent Posts