DURABLE ORDERS ARE IN THE BOTTOM OF THE OUTHOUSE! Ugh!

[Neubarth]

DURABLE ORDERS
DEC 2009 + 0.3%
NOV 2009 – 0.4%
OCT 2009 – 0.6%
SEP 2009 +1.0%
AUG 2009 – 2.4%


The numbers above are the most current for the months. Manufacturing in the New York and Philli area may be up two percent in the past few months, but the orders are simply not there to substantiat any real increase in demand. In fact over the past five months, Durable Orders are DOWN by 2.1 percent. We are still in economic collapse.

 

[slackjawed]

That is very bad news. Is this too, "unexexpected", like the media is reporting the poor unemployment numbers last week?
I am willing to bet, as a layman as I am not an economist, that the two are somehow connected.