Durable goods orders fall 4% in January

Durable goods orders fall 4% in January:

Worst report in three years.

---

The first hint of this came in the 2011Q4 GDP report. While the topline number of 2.8% looked mediocre but not horrid, the figure for growth in real final sales of domestic product — which measures end sales and not inventory adjustments — registered only at 0.8%, barely above recession level. I noted that this [...]

Read this post »