Durable Goods Demand Falls Most in 3 Years; Down 4%

[Dammy]

Yes, we can!

http://www.cnbc.com/id/46554315

Durable goods orders dropped 4.0 percent, the biggest drop since January 2009 when the country was still mired in a deep recession, according to Commerce Department data on Tuesday. ​

Economists had forecast orders falling 1.0 percent.​

​

Gee, all those food stamps and people aren't buying wide screen TVs? Whyzzat?​

 

[FluffyMcDeath]

Gee, all those food stamps and people aren't buying wide screen TVs? Whyzzat?​

Because you can't eat a wide screen TV?
Actually, I bet people are buying TVs - they just aren't replacing their washers and dryers and other mundane stuff. TV and cable/satellite are close to the last things people cut from their budgets.

 

[faethor]

In related news we're seeing economist predictions of the Dow above 20K by spring 2013.

 

[robert l. bentham]

dad traded a furnace and ac with install for four cows... just this morning...

 

[Dammy]

Because you can't eat a wide screen TV?
Actually, I bet people are buying TVs - they just aren't replacing their washers and dryers and other mundane stuff. TV and cable/satellite are close to the last things people cut from their budgets.

First thing I cut was the Dish Network monthly fee and I didn't even bother buying a digital converter box to receive the local stations on my old TVs.

 

[faethor]

First thing I cut was the Dish Network monthly fee and I didn't even bother buying a digital converter box to receive the local stations on my old TVs.

Me too. Internet works great for TV.

 

[FluffyMcDeath]

Me too. Internet works great for TV.

Jeez - what a bunch of nerds we have round here.

 

[redrumloa]

In related news we're seeing economist predictions of the Dow above 20K by spring 2013.

Inflation will inflate stock numbers. Ask fluffy for a DOW chart weighted against Gold instead of against the USD.