I'm no economist but it seams you take any slight thing and try to turn it against Bush. Did you take a class in that?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRYd7tp21W88&refer=home Durable Goods The Commerce Department's durable goods report suggested companies are hesitant about making equipment purchases. Orders rose 1.1 percent in November, reflecting a rise in demand for commercial aircraft and military materiel. Outside transportation, they fell 1.1 percent after a 1.6 percent decrease. ``The manufacturers are the ones showing a lack of confidence in the economy,'' said Stephen Gallagher, chief U.S. economist at Societe Generale SA in New York. ``Businesses are going to be very surprised at how resilient the consumer has been, and they're going to have to catch up with pretty strong production in the spring of 2007.'' Bookings for non-defense capital goods excluding aircraft, a proxy for future business investment, fell 1.4 percent last month after dropping 3.9 percent in October. The back-to-back declines were the first since February-March 2005. Economists had expected spending to rise 0.6 percent last month, after a previously reported 0.2 percent gain, according to the median of forecasts in a Bloomberg News survey. Personal income was forecast to rise 0.4 percent for a second month. On 12/22/06, Gruss Gott <[EMAIL PROTECTED]> wrote: > I'm proud to report that there again reasons for us fiscal > conservatives to fret about a recession. Remember that the working > theory for continued growth was that as the housing bubble deflated, > business spending would increase. Well ... it ain't. > > ------------------- > Durable goods take surprising tumble > Excluding transportation orders, index falls 1.1 percent in second > consecutive monthly drop, Commerce Department says. > December 22 2006: 8:49 AM EST > > WASHINGTON (Reuters) -- New orders for U.S.-made durable goods rose a > larger-than-expected 1.9 percent in November on aircraft sales, but > fell when airplane orders were stripped from the data, a government > report showed Friday. > > Excluding volatile transportation orders, which are heavily skewed by > aircraft, durable goods orders fell surprisingly by 1.1 percent, a > Commerce Department report showed. It was the second consecutive > monthly drop in durables orders excluding transportation, and the > fourth decline in the last five months. > > Analysts polled by Reuters were expecting durables orders to rise 1.5 > percent overall and also to gain 1 percent when transportation orders > were stripped out. > > Transportation equipment orders rose 9.4 percent in November, > bolstered by a 7.2 percent gain in civilian aircraft orders and a 40 > percent surge in defense aircraft and parts. > > Excluding defense, orders rose 0.6 percent, slightly weaker than > analysts' expectations of a 0.7 percent gain. > > Nondefense capital goods orders excluding aircraft, a proxy for > business spending, dipped unexpectedly by 1.4 percent. Analysts had > expected a rise of 0.9 percent. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Create robust enterprise, web RIAs. Upgrade & integrate Adobe Coldfusion MX7 with Flex 2 http://ad.doubleclick.net/clk;56760587;14748456;a?http://www.adobe.com/products/coldfusion/flex2/?sdid=LVNU Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:223132 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
