Wednesday, April 24, 2013

Capex implosion

New durable goods orders were down 5.7% in March. Yikes!

But the sequester.....

Excluding defense, they were down 4.7%

Is it going to be another spring swoon and summer of discontent? Will Joe Biden have to go back out on the road?

Or has the new housing bubble stoked the economy sufficiently to continue its vaguely upward drift?

Tell me in the comments.


W.E. Heasley said...

It’s more of the not-so-great-expansion, now with higher taxes!

Gerardo said...

I'm sure Rogoff & Reinhart will somehow get the blame.

How you guys missed the Colberting of R&R is beyond me.