Durable goods orders tumble

[lovuian]

http://www.signonsandiego.com/news/business/20060225-9999-1b25calbrfs.html

February 25, 2006

Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in 5½ years in January as demand for commercial aircraft suffered the biggest setback in seven years. The Commerce Department said that orders for durable goods, everything from computers to cars, fell by 10.2 percent last month, a much bigger decline than had been expected.






The weakness was led by a 68.2 percent drop in orders for commercial aircraft reflecting a drop in sales at Boeing Co. after two very strong months. Analysts said the overall decline overstated the weakness in manufacturing because it was so heavily influenced by the volatile aircraft sector.

Excluding airplanes, cars and other transportation products, orders posted a solid 0.6 percent rise after an even larger 1.9 percent increase in December.




Maybe it me but this doesn't bode well for our economy....

[rooboy]

1. My family is 7 days away from not being able to afford food.

Where the f*&k would someone like us get the money to buy a refrigerator or computer? Chickens are coming home to roost.

[RedOnce]

2. You took my breath away...

that certainly puts it into perspective.

[wakeme2008]

3. On here a couple days ago was a report that new houses ORDER where

being canceled.

Tick Tick Tick Tick ...

[Zorro]

4. 2006 will be the "perfect storm"

for US economic disaster, I sense.

Home prices heading south in San Diego and Florida. Energy prices and interest rates rising.

I sense the economy will be in a world of hurt by Q4 of this year.

[4dsc]

11. Not Florida??

My brother is trying to sell his McMansion in Orlando before the bottom falls out to move back to Iowa..

[rwenos]

5. Pubbie Fantasy = Big Money, No Employees

Having been downsized out of a big corp myself about 18 months ago, and having watched the pattern of corporate layoffs, followed by stock valuation increases, since the mid-1990's, I can only say that it's about bleeping time the economy and economic numbers caught up with street reality.

The Republican fantasy is George Herbert Walker Bush's life -- i.e, the Carlisle Group. Billions of dollars in earning assets, no employees.

Why has the NASCAR crowd signed on for this? Don't they know they're getting screwed by the big corporations? And all because they think they can chisel on their taxes like the Big Boys do.

[Geo55]

6. Why has the NASCAR crowd signed on for this?

one view...
http://www.joebageant.com/joe/2005/04/lets_drink_to_t.html

[rwenos]

7. Class Warfare

It's a great essay, thanks for the link.

I've always been mystefied why "Class Warfare" has become a dirty word. Hell yes, it's class warfare! FDR figured out the way to get elected was to demonize the capitalist class -- at least the worst rapists among them -- and get Labor to the table to roll up its sleeves and wrestle the cigar-and-suit types to the ground.

Maybe it's time for the Old Time Religion. Let's get the jackboot of capitalist oppression off the neck of the workers!

(Maybe we better find a different way of saying that though, eh?)

[tabasco]

8. Goddamn right it's class warfare!

And the robber barons expect us to surrender!

[alfredo]

9. To them, it is only class warfare when we stand up for our rights.

[lovuian]

10. what caused the Great Depression and its in your Economics 101

when 90% of the wealth in America was owned by a few

They know thats what happens when the greedy get too greedy...

Americans are going to hurt alot for letting Bush steal these elections...