Again with the talking points. Do you understand what durable goods are? and Why they decreased last month?
Europe and China's demand for US exports is falling because "their" economies are slowing.
""Slowdowns in
Europe and
China may limit exports, while business investment cools after the strongest 10-quarter performance in a decade, leading to a slowdown in manufacturing. Improving sales in the U.S., led by pent-up demand for automobiles, are supporting companies from
3M Co. (MMM) to Texas Instruments Inc.""
OBAMA has had the BEST 10 quarters of growth in the last DECADE, and things slowed for a month. To you its the end of the world, but to reality, its business.
Orders for U.S. Goods Decrease by the Most in Three Years - Bloomberg
Why not read this article that SPELLS out where it slowed, and where it INCREASED last month. Transportation equiptment worldwide leads the indicators downward ""Demand for transportation equipment dropped 12.5 percent, the most since November 2010, led by a
48 percent plunge in civilian aircraft bookings.
Boeing Co., the largest U.S. aircraft maker, said it received orders for 53 planes last month, down from 237 in February.""
You seem to think the durable goods is our economy, like retail sales, but it ISNT.
Auto sales and auto production is UP and other manufacturing sectors are still going strong. Catapillar heavy industries is still improving and profits are higher than ever before as countries look to replace its old equiptment.
Dont confuse durable goods with our economy, what your seeing in these numbers is a reflection of the trouble in europe. Greece and Spains troubles weighed on our durable goods orders in the first quarter, but now that those issues have stabilized, durable goods orders will increase in the second quarter and third and fourth. China is rapidly slowing and the demand for our products there is slowing as well.
This is simple business, the economy will still grow despite a decline in one month.
Peace
TOS