Shocking Crash: Durable Goods Orders Plunge 5.1%, Shipments Drop 2.2%, Huge Negative Revisions; Recession Here?
Thursday, January 28, 2016 21:45
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by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
Crash!
Durable goods orders and shipments crashed in December.
The Econoday Consensus Estimate for durable goods new orders was a 0.2% rise. Here are the amazing results.
[...] Crash vs. Thud
Econoday called the results a “giant thud”. The words “giant crash” seem more appropriate. In retrospect, both terms may be inappropriate. Have we landed yet, or are we still falling?
Econoday reports …
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…
Source: http://financialsurvivalnetwork.com/2016/01/shocking-crash-durable-goods-orders-plunge-5-1-shipments-drop-2-2-huge-negative-revisions-recession-here/?utm_source=rss&utm_medium=rss&utm_campaign=shocking-crash-durable-goods-orders-plunge-5-1-shipme
