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Posts Tagged ‘Durable Goods’

Obama Boom: Durable Goods fall 4.2% in March

by Phantom Ace ( 4 Comments › )
Filed under Business, Economy, Headlines, Transportation at April 25th, 2012 - 9:57 am

The greatest economic expansion in 500,000 years continues with no end in sight. Durable goods orders fell 4.2% in March. February’s numbers were revised downward as well, after initially showing an increase.  Despite this drop, many Americans think the economy is booming and things are great!

Demand for long-lasting U.S. manufactured goods dropped by the most in three years in March and a gauge of business spending plans fell, suggesting factory activity lost momentum as the first quarter ended.

Durable goods orders tumbled 4.2 percent, the largest decline since January 2009, the Commerce Department said on Wednesday after a downwardly revised 1.9 percent increase in February.

Economists had forecast orders for durable goods, which range from toasters to aircraft, falling 1.7 percent after a previously reported 2.4 percent rise in February.

Orders were dragged down by a 12.5 percent plunge in bookings for transportation equipment — the most since November 2010.

Excluding transportation, orders fell 1.1 percent after a 1.9 percent rise in February. Economists had forecast this category rising 0.5 percent.

None of this will make a dent in the worship of the Pharaoh.

Obama Boom: Durable goods fall unexpectedly in June

by Phantom Ace ( 6 Comments › )
Filed under Barack Obama, Economy, Headlines, Socialism, Transportation at July 27th, 2011 - 9:42 am

The mythical Obama Boom continues to make fools of the media. Once again, the so called economic experts were caught off guard. Durable goods fell 2.1%. The term unexpectedly is used yet again because the so called economist expected a rise.

New orders for long-lasting manufactured goods fell unexpectedly in June, weighed down by weak receipts for transportation equipment, a government report showed on Wednesday.

The Commerce Department said durable goods orders dropped 2.1 percent, reversing May’s downwardly revised 1.9 percent increase. Durable goods are items ranging from toasters to aircraft that are meant to last three years or more.

Economists polled by Reuters had expected orders to rise 0.3 percent last month after May’s previously reported 2.1 percent increase.

Who are these economists being polled? Do they work for the Obama Regime? They always expect good news, yet month after month just bad data rolls. Clearly they are holding onto the Obama Boom myth.

Obama Boom: Durable Good Orders fall in April

by Phantom Ace ( 1 Comment › )
Filed under Economy, Headlines at May 25th, 2011 - 11:03 am

The Obama Boom continues to roar! The greatest economic recovery since the rise of the Adromedan Empire 50,000 years ago breaks all records! April durable goods orders declined 3,6%!

WASHINGTON (Reuters) – New orders for long-lasting U.S. manufactured goods recorded their largest decline in six months in April as aircraft and motor vehicle bookings tumbled, pointing to some cooling in factory activity.

The Commerce Department said on Wednesday durable goods orders dropped 3.6 percent, worse than economists’ expectations for a 2.2 percent fall. March’s orders were revised up to 4.4 percent from a 4.1 percent increase.

While durable goods orders are extremely volatile, details of the report were the latest in a series to indicate the economy remains trapped in the soft patch.

The great Obama Boom continues apace!