Not so hot news: Durable Goods Orders in U.S. Slump 4%, Most in Three Years
Maybe not too surprising, as there were tax reasons to shift orders into 2011, but still. Ouch.
The stories should probably just read “Boeing has bad month”, because that seems to be a lot of what’s going on.
What is a durable good? One that doesn’t wear out, like a car or plane or washing machine, as opposed to, say, a dog biscuit. Unrelated to the news, but interesting to read: in a market for durable goods, do monopolists have the upper hand or do consumers?
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Think Economically 