It's The Economy Stupid: Durabable Goods, Cap Goods, All Kinds of Goods

Doom and Gloomers take one in the chops.

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Durable Goods Orders	OCT	-0.7%	0.0%	9.9%	9.2%
Durables Ex Transportation	OCT	-0.5%	1.5%	2.0%	1.7%
Cap Goods Orders Non Def Ex Air	OCT	-0.5%	1.7%	0.0%	-0.4%
Cap Goods Ship Non Def Ex Air	OCT	-2.1%	-0.4%	-0.3%	-0.3%

 

Okay, this ain’t a great set of numbers, and really, it’s barely treading water for a minimal growth economy, but they indicate that the U.S. economy ain’t going in the tank.  So, we aren’t Europe.  Or at least not yet. 

 

And yes, I realize I used “ain’t” twice.

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury