Friday, June 24, 2016

Nearly Lost in the Brexit Shuffle: Our Durable Goods Falling Knife

Click to enlarge.

Get out the party hats. Sigh.

Source Data:
St. Louis Fed: Manufacturers' New Orders: Nondefense Capital Goods Excluding Aircraft


Who Struck John said...

Nothing to see here. Just the 8th annual recovery summer.

Stagflationary Mark said...

Who Struck John,

Summer of Uncle Sammiches!

We are all po' boys now! Sure to make a killing!

Po' boy

In 1929, during a four-month strike against the streetcar company, the Martin brothers served their former colleagues free sandwiches. The Martins' restaurant workers jokingly referred to the strikers as "poor boys", and soon the sandwiches themselves took on the name.

1929! What a year!

Mr. Slippery said...

Falling durable goods orders are no match for the power of mortgage rates near record lows. Haha!

Stagflationary Mark said...

Mr. Slippery,

When I was a kid, we'd walk 20 miles in the freezing snow to make capital goods investments to grow our businesses, and we liked it. These days, all the whiz kids want to do is buy department store chains and run them into the ground. Makes no cents!

Bah! Humbug! ;)

dearieme said...

The Brexit consequences rumble on: now the parliamentary opposition is floundering.

You'd have to have a heart of stone not to laugh.

Stagflationary Mark said...

Heart of creamy alfredo sauce here, lol. Sigh.