DURABLE GOODS ORDERS Report for Feb Tomorrow

Neubarth

At the Ballpark July 30th
Joined
Nov 8, 2008
Messages
3,751
Reaction score
200
Points
48
Location
South Pacific
DURABLE ORDERS ex Transport
FEB 2010 ??????
JAN 2010 – 0.6%
DEC 2009 +2.0%
NOV 2009 + 2.0%
OCT 2009 – 1.3%
SEP 2009 + 0.9%
AUG 2009 – 0.0%
JUL 2009 + 0.8%
JUN 2009 + 2.5%
MAY 2009 +0.8%
APR 2009 + 0.8
MAR 2009 – 2.7
FEB 2009 +3.4
JAN 2009 – 5.2%

Economic Calendar: Financial Calendars - Yahoo! Finance

As you can see the Durable Goods order numbers have just been fish flopping all over the place since January of last year. They hit an ugly bottom way back in 2008.

DURABLE ORDERS (With transport) January is misleading because Boeing had missed reporting sales from the end of the year and the US told them to report all of their sales in January instead. I am not certain in which months the sales should have been listed, but January's 3% needed to be distributed.
JAN 2010 + 3.0%
DEC 2009 + 1.9%
NOV 2009 – 0.4%
OCT 2009 – 0.6%
SEP 2009 +1.0%
AUG 2009 – 2.4%
 
Last edited:
OP
Neubarth

Neubarth

At the Ballpark July 30th
Joined
Nov 8, 2008
Messages
3,751
Reaction score
200
Points
48
Location
South Pacific
Well, we will find out in a few hours if our slight manufacturing increase from the bottom is translating into actual Durable Goods orders. Remember, Manufacturing is only ten percent of the economy, but we have to have manufacturing improving if we are ever going to stop the collapse in the service sector.
 

uscitizen

Senior Member
Joined
May 6, 2007
Messages
45,940
Reaction score
4,908
Points
48
Location
My Shack
No jobs no consumer spending.
And if there is no spending in a Service Sector Economy there are less and less jobs.
Yepper.
it is a big beast with a lot of inertia on a slow downward spiral.

At least I am leaving my son and grangchildren a paid for place to live and land to grow food on.
And the grandkids are all set up with secure trust funds for college.
All I can do for them.
And the farm/house is set up in perputuity with residency rights but no equity loan rights so they cannot fritter it away or sell it and enough trust funds to pay the taxes for 20 years or so.
 
Last edited:
OP
Neubarth

Neubarth

At the Ballpark July 30th
Joined
Nov 8, 2008
Messages
3,751
Reaction score
200
Points
48
Location
South Pacific
Positive half a percentage point. That is good. Combined with the gradual slight increase in Industrial Production (those fish flops have been getting higher), we can finally establish that there is a slight improvement to manufacturing. Again I caution that Manufacturing is only ten percent of our economy, so that increase in production has to show us a steady decrease in Unemployment Insurance claims to the 350,000 level until we can claim recovery. Right now we are still losing too many jobs as evidenced by the UI claims.

As you have witnessed with your own eyes, to get the Unemployment numbers below double digits, they have been dropping people off of the Unemployment list by saying that they are no longer in the workforce. That, of course is a damned lie, but that is what government does. Actual Unemployment is about 29 percent. There are Millions of people who want a job who are not being counted.
 

editec

Mr. Forgot-it-All
Joined
Jun 5, 2008
Messages
41,421
Reaction score
5,659
Points
48
Location
Maine
Positive half a percentage point. That is good. Combined with the gradual slight increase in Industrial Production (those fish flops have been getting higher), we can finally establish that there is a slight improvement to manufacturing. Again I caution that Manufacturing is only ten percent of our economy, so that increase in production has to show us a steady decrease in Unemployment Insurance claims to the 350,000 level until we can claim recovery. Right now we are still losing too many jobs as evidenced by the UI claims.

As you have witnessed with your own eyes, to get the Unemployment numbers below double digits, they have been dropping people off of the Unemployment list by saying that they are no longer in the workforce. That, of course is a damned lie, but that is what government does. Actual Unemployment is about 29 percent. There are Millions of people who want a job who are not being counted.
Count me in that 29% mix.


Yes, I have created my own job, and yes it does keep a roof over my head, but it's not remotely bringing in as much cash as I made, not even the cash I regularly made a couple decades ago.

But at my age, I suspect I am now a permanent member of the unemployable class unless I luck out somehow.

Face it, there are just way more qualified workers and management types than billets to fill, folks.

Between outsourcing, automation, and of course the economic meltdown, the employment picture doesn't look like it's going to get better anytime soon.
 

Truthmatters

Rookie
Joined
May 10, 2007
Messages
80,182
Reaction score
2,263
Points
0
No jobs no consumer spending.
And if there is no spending in a Service Sector Economy there are less and less jobs.
Yepper.
it is a big beast with a lot of inertia on a slow downward spiral.

At least I am leaving my son and grangchildren a paid for place to live and land to grow food on.
And the grandkids are all set up with secure trust funds for college.
All I can do for them.
And the farm/house is set up in perputuity with residency rights but no equity loan rights so they cannot fritter it away or sell it and enough trust funds to pay the taxes for 20 years or so.
very smart usc
 

New Topics

Most reactions - Past 7 days

Forum List

Top