Strong durable goods orders buoy growth outlook

Comments (16)
Bakhtin wrote:

More good news for the USA, and bad news the GOP who maybe should ask themselves why the US economy doing well hurts them politically.

Apr 24, 2014 9:19am EDT  --  Report as abuse
gcf1965 wrote:

“probably reflected difficulties adjusting the data for seasonal fluctuations given a late Easter this year.” – Dang, I missed the holiday excuse.

“(Claims) have been on a declining track since December…” One need only look at the DOL chart to see that this claim is a stretch at best, noting that claims were flat through most of Feb around ~340K and show a decline only for a 5-6 week period which has now ended.
http://www.dol.gov/ui/data.pdf

I did expect the “The end of long-term unemployment benefits and cuts to food stamps have also robbed the economy of momentum”. Apparently, when unable to actually fix anything, the thought is that perpetual food stamps and unemployment should be the norm and a valid career option. If anyone thinks that relying on unending government handouts is healthy and necessary for a good economy, you need to go back to mamma’s basement and keep playing video games.

Apr 24, 2014 9:29am EDT  --  Report as abuse

I guess we can relax, the economy is fixed, just like the stock market, the fix is in. New home sales plunged 12%, but that is so…yesterday. And I do mean just yesterday.

Apr 24, 2014 9:34am EDT  --  Report as abuse
rblivingston wrote:

The question remains– to what extent are jobless numbers affected by people no longer eligible for unemployment who have given up looking for work?

San Francisco has been attracting many high tech workers from Silicon Valley and elsewhere, and has initiated innovative ways to help subsidize some private employment. This gives the city a reputation for “creating” more private-sector jobs than 47 states!

I do not think this reputation is worth bragging about. The states are in deep recession. San Francisco’s high tech influx may turn out to be a bubble. High tech jobs are highly volatile, workers bounce around and rarely have long careers. They are also preyed upon by real estate predators who can price them out of affordable homes.

Outside of high tech– are the low-paying, mostly part-time and temporary service jobs– on which, even with modest minimum wage increases, won’t begin to pay for a passably decent life. There are not enough highly payed workers now to support long-term economic health for everyone.

Apr 24, 2014 9:37am EDT  --  Report as abuse
gcf1965 wrote:

anotherfakename, haven’t you figured it out, the left looks only and “hope” and “expectations” and rally around predictions while ignoring the actual reality of what happens. As for this report, even in the worst of times, a relatively wealthy like ours will show spikes in durable goods, as people and businesses do require replacement of used up items. My neighbor had to replace their refridgerator this week, not because they wanted to or because they were looking to upgrade, but because it stopped working. If you want to attribute bad news to the weather, how about realizing that this time of year as the weather gets nicer people do tend to spend more, especially considering it is tax refund season and people typically begin buying new equipment for outdoor work and many use Spring as a time to do routine home upgrades and replacements. This is NOT earth shaking or new, this is typical Spring/Tax season behavior.

Apr 24, 2014 9:47am EDT  --  Report as abuse
Bakhtin wrote:

Every month, when the numbers show the US economy improving, the Republican response is “the numbers are wrong!” They are saying now, they will say it next month, and they have been saying it for the last 5 years or so. Despite this Pavlovian response, Obama’s economy just keeps on improving.

And it is plain to see how much Republicans hate the US economy improving. They don’t say “Great! It is nice to see the US economy improving – that will reduce debts and deficits and everything”. Instead they wish it weren’t so – so much that they go into denial and say the figures are wrong.

Maybe one of you could explain why Republicans are so opposed to the USA improving? It looks hugely un-patriotic to me. Anti-American even.

Apr 24, 2014 10:10am EDT  --  Report as abuse
gcf1965 wrote:

“Maybe one of you could explain why Republicans are so opposed to the USA improving” _ we’re not, we just see the reality of what is happening. What liitle good news there is is not healthy economy, it is simply propped up by this ponzi scheme administration. Unlike some who pick only the occassional supposed good news, we keep focus of the big picture and put in all the negative reports as well and see that things are really not much different today thatn 5 years ago. People out of work (more now than when obama took office), housing market severely depressed in most regions, cost of basic staples spiraling ever higher against govt numbers saying they are not, many who are working are making significantly lower wages in far less desirable jobs. I personally am making a wage barely more than 50% of where I was 9 years ago, not because I want to (I went back to school and earned 2 degrees in business with honors and work for a major bank). You can ask all you want why GOP/TP want to see the US fail, but the reality is we do not want that, which is why we try so hard to stop obama and the DNC agenda of destruction and medicrity where opportunity is eliminated and dependence on government is promoted as a means to keep the incompetent, power hungry, and greedy democrats in office.

Apr 24, 2014 10:47am EDT  --  Report as abuse
Bakhtin wrote:

gcf1965

The reality is that the USA economy is growing, more strongly than any other advanced nation. That is reality, and you Republicans do nothing but complain about it. That is opposing growth.

If you wanted the US to succeed, you would be glad to see that Obama has delivered sustained growth.

Apr 24, 2014 11:20am EDT  --  Report as abuse
yubamary wrote:

What durable goods? The photo they show are washing machines etc. we make one or two In the US. Toasters, apl1iances TV’s cars steel, we make very few if any in the United States so what durable goods are they talking about. I guess if we make 3 things now instead of 2 that’s progress. Just another ploy to fool us gullible people.
We will know when the economy is robust — unless we have forgotten what it was like or we are of an age where we have never seen it. Sad sad.

Apr 24, 2014 11:27am EDT  --  Report as abuse
jrj906202 wrote:

Govt can’t give you something for nothing,no matter what Obama Claus and others tell you.So,you will pay for any “recovery” through higher prices.Every Dollar you have in savings,earning well below actual inflation is losing value.That’s how you pay for a “recovery”.

Apr 24, 2014 11:46am EDT  --  Report as abuse
gcf1965 wrote:

jrj906202, you mean those ACA subsidies aren’t really free? Who pays for the ones getting the subsidies? Oh, wait, never mind, I just looked at my financial predicament and realized the answer. Guess I need to work a little harder to pay for those who don’t.

Apr 24, 2014 11:55am EDT  --  Report as abuse

According to the BEA (bureau of economic analysis) total 2013 GDP was $16,800 billion dollars (think $16.8 trillion). Looking at QE of $65 billion per month (I know it was more in early 2013 but let’s just make the numbers easy) we get an annualized QE of $780 billion. divide 780 by 16800 and you get a little over 4.6%. That number doesn’t account in any way for deficit spending or ZIRP. When you see economists cheer a 2 or 3% GDP rise, keep in mind that QE alone amounts to over 4.6% of GDP. QE doesn’t directly contribute to GDP but it’s effects allow deficit spending to be financed more easily, which does effect GDP.

Apr 24, 2014 12:33pm EDT  --  Report as abuse
jambrytay wrote:

I continue to enjoy the cheerleaders bragging about a tepid recovery and comparing our economy vs. the euros…hurray, we’re the tallest pygmy.

Apr 24, 2014 12:39pm EDT  --  Report as abuse
WJL wrote:

Can you believe any US statistics at all? US policies has been uaing the petrodollar status as free finance and gutting the economy? The petrodollar abuse has resulted in other nations moving away from the dollar to avoid their savings being inflated away.

The petrodollar will fail soon.

Apr 24, 2014 6:21pm EDT  --  Report as abuse
WJL wrote:

Can you believe any US statistics at all? US policies has been uaing the petrodollar status as free finance and gutting the economy? The petrodollar abuse has resulted in other nations moving away from the dollar to avoid their savings being inflated away.

The petrodollar system will fail soon.

Apr 24, 2014 6:21pm EDT  --  Report as abuse
WJL wrote:

Can you believe any US statistics at all? US policies has been uaing the petrodollar status as free finance and gutting the economy? The petrodollar abuse has resulted in other nations moving away from the dollar to avoid their savings being inflated away.

The petrodollar system will fail soon.

Apr 24, 2014 6:21pm EDT  --  Report as abuse
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