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Who is Surprised the Economy Is Bad & Getting Worse?
The Big Picture —
... orders for military equipment, durable goods fell 4.9 percent. For all of 2008, orders fell 5.7 percent, a decline topped only by a 10.7 percent drop in 2001.
Here’s another shocker for those of you living in caves: Today’s GDP report is going to suck. But isn’t this already factored into equity prices?
Other than our pal Larry, is there anyone still waiting for Goldilocks to arrive?
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Source:
Latest Reports Indicate Economy Is Getting Worse
JACK HEALY
NYT, January ...
Placebos--the value of Bullsh**
Lawrance G. Lux —
... Understanding of the current economic difficulties can be seen in this article, which is a basic discussion of the Step 1 arena of Debt repayment. Every Economist will protest that Statement, but later Debt repayments are keyed to fulfillment of the original Debt obligations in these sectors. Orders for Durable Goods have been falling for 5 months, a 5.7% decrease in the year’s progression. The loss of business resilience because of lost Profitability impacts Debt repayments–where there are delays, or the accumulation of greater Debt levels. The Unemployment rate ...
