Over the cliff: Durable goods orders drop 13.2% in August; Q2 GDP downgraded from 1.7% to 1.3%

Over the cliff: Durable goods orders drop 13.2% in August; Q2 GDP downgraded from 1.7% to 1.3%. Durable goods drop was “…the worst decrease in almost four years, and a large signal that the American economy is diving into a recession.” Wake us when they announce QE4.

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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I HATE THE MEDIA ™
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