US durable goods orders fall 4.4% in October

[jpak]

Source: CNBC

Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in 15 months with a key category that tracks business investment showing weakness for a third straight month.

The Commerce Department said Wednesday that orders for durable goods dropped 4.4 percent last month. It was the third decline in the past four months with the October drop led by a huge decline in the volatile areas of commercial and military aircraft.

<not much more>

Read more: https://www.cnbc.com/2018/11/21/us-durable-goods-orders-oct-2018.html

[sandensea]

1. As expected.

Purchasing managers stocked up in the third quarter, ahead of Cheeto's trade wars, and are now scaling back.

All the more so since sales are only inching ahead.

More trickle down success.

[PJMcK]

2. Thanks, Trump

How's that economy you inherited from a real president working out for you, Two Scoops?

Loser.

[The Liberal Lion]

3. housing slowdown, jobless rates climb, farmers taking losses, durable good orders down,

wages stagnant, deficit blowing up.

The Taj mahalification of America continues unabated.

[SunSeeker]

4. Wow. That is a big drop.

[SWBTATTReg]

8. Yeah, I wondered about this too. 5% drop seems rather large, but as one post in this trend ...

said, it was 'expected' since folks were ordering in advance of expected tariffs, but still, 5%? Seems rather large for a one month move.

[Hulk]

5. They'll blame the Fed...the Democratic House...etc.

Anybody but themselves. Lard-ass was only too eager to claim credit for the growing economy the President Obama left him; now it’s “scapegoat time”. Anybody but himself.

Listened to the token black on fox this morning, already blaming “the Fed” for the stock market drop. This is how they operate. “Ride the wave until the wave dries up...”, then blame everyone else. And the deplorables swallow it, hook, line and sinker....every time.

[PubliusEnigma]

6. Watch out for that next Quarter, it's a Doozy!!

And you shall know him by the mounds of rotting fruit.

[elmac]

7. But you need to look at the big picture

trillion dollar companies, trillion dollar companies!

[PeeJ52]

9. Cmon One Percenters...

You're going to have to spend more of that tax cut you got... We didn't get one, or what we got didn't keep up with inflation and our stagnant wages, so you're going to have to buy more stuff. All we can buy is food, gas, housing, utilities, and of course internet service in Arkansas so they can apply for their monthly medicaid....

[IronLionZion]

10. The only solution to this problem is more tax cuts

I hope DUers have saved up for the Trump recession

[workinclasszero]

11. Crops rotting in the fields as well due to Orange Anus brilliant trade war

Crops are rotting in fields as Trump's trade war bites US farmers

https://www.democraticunderground.com/100211458925