Durable Goods Devastation: Capital Goods Orders Crash To Fresh Crisis Lows, Scream Recession
by Tyler Durden
ZeroHedge.com
01/28/2016
Durable Goods Orders crashed 5.1% MoM and turned back negative YoY and ex-transports continues to deteriorate YoY flashing if nothing else a recessionary environment is upon us (if not an actual recession). However, it is in the core – non-defense ex-aircraaft – segemnt that we see the real bloodbath as shipments plunged and new orders collapsed 7.5% YoY – the “worst since Lehman.” Of course we still have bartenders and waitresses to maintain the US economy so this is just transitory weakness in the stock market’s most-dependent segment of the economy.
The Rest…HERE
