Durable Goods Orders Drop 0.9%

[CMT]

Durable Goods in August declined 0.9% as demand for automobiles tapered off.

Also initial jobless claims dropped 19,000 last week as Hurricane Isabel closed many state offices which receive these claims.

http://online.wsj.com/public/us

[Jacobin]

1. Gee what a shock

Economy not doing well after BushCo destroyed it?

Amazing. Can't believe it. Thought things were going so well.

[SaintLouisBlues]

2. Durable goods are about all that's left of stateside manufacturing

Because of shipping costs, it is not as cost-effective to out-source
much of these durables, like auto and white goods (large appliances).

This hurts.

[cspiguy]

3. economy down, another bomb in baghdad, Iraqi counselwoman dies, Bush

dissed/booed at UN - Life is Good.

[sendero]

4. Yeah....

... But I heard on NPR that durable goods numbers are "volatile". What this means it that you can't put much stock in one month's numbers.

However, the 2 months of 'up' numbers that followed 2 months of 'down/flat' numbers were very meaningful.

/sarcasm off

I find it funny, as I do when they exclude the "volatile food and energy" numbers from the PPI. Guess what, volatile or not, those are perhaps the two most important sectors, and they have to be accounted for....

[kentuck]

5. Obviously time for another tax cut...

..put more money in the pockets of people so they can spend and create more jobs.... Uh-huh...