Friday, September 24, 2004
August Durable Goods
DefenseThank goodness we're still killing people, otherwise we'd be in bad shape indeed.
New orders in August increased $0.4 billion or 4.5 percent to $8.5 billion.
New orders in August decreased $5.2 billion or 7.4 percent to $64.7 billion.
Good morning, folks. They haven't figured out how to spin these numbers yet, except to blame it on poor airplane sales (though last month I recall they went nuts about this number). And, of course, it's called "weaker than expected."
I'd fire these economists who keep guessing wrong, when they could ask any 3 people on the street whether the economy is better or worse "than expected" and get the correct result.
Guess we should fire our CEO President first. Come on, USA Shareholders. Do it. Many of you can vote absentee now, so do yourself a favor and vote early to avoid the rush.
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