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Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship) Status: Not Logged In; Sign In Business See other Business Articles Title: Durable Goods Orders Rebound In May; GDP Revised Up Source: USA TODAY/AP URL Source: http://www.usatoday.com/money/econo ... -06-24-durable-goods-gdp_n.htm Published: Jun 24, 2011 Author: Martin Crutsinger Post Date: 2011-06-24 11:43:56 by Brian S Keywords: None Views: 34492 Comments: 67 WASHINGTON — Businesses boosted their orders for machinery, electronics products and airplanes in May. The pickup suggests manufacturing is rebounding after the Japan crises made parts scarce and slowed production of some factory goods temporarily. Orders long-lasting manufactured products increased 1.9% in last month, the Commerce Department said Friday. A key category that signals business investment plans rose 1.6%. The stronger demand follows a revised 2.7% decline in April that was largely the result of supply disruptions caused by Japan's March 11th earthquake and tsunami. The inability to get critical component parts in such industries as autos and electronics slowed U.S. manufacturing. Orders for autos and auto parts rose 0.6% in May after having fallen 5.3% in April. The rebound in May in both autos and broader categories supports the view that the April lull was temporary. Separately, the Commerce Department said the economy grew at a 1.9% annual rate in the January-March quarter. That's not much better than the 1.8% rate estimated a month ago. The small upward revision reflected stronger exports and more business spending on stockpiles. The bulk of the strength in the durables report came across a wide range of industries. Businesses boosted their orders for machinery 1.2% and demand for computers rose 1.3%. Communications equipment jumped 3.6% increase. Businesses boosted demand for transportation products 5.8%. Much of that increase reflected a 36.5% surge in orders for commercial aircraft, a very volatile industry that had reported a big decline in production in April. Excluding the volatile transportation category, orders would have risen 0.6% in May after dropping 0.4% in April. The capital goods category excluding aircraft is viewed as a proxy for business investment. It rose 1.6% after a 0.8% drop in April. Economists believe this category will show strength as companies respond to a one-year tax break aimed at spurring capital spending. Manufacturing has been one of the strongest sectors of the economy since the recession official ended two years ago. However, there are concerns that the production pace could slow in coming months as businesses decide to scale back their restocking of inventories. A closely watched gauge of manufacturing activity from the Institute of Supply Manage showed manufacturing dipped to 53.5 in May from 60.4 in April. Readings above 50 indicate manufacturing is continuing to expand. Regional manufacturing surveys put out by the Federal Reserve Banks of New York and Philadelphia also showed recent weakness. But as production returns to more normal levels in Japan, economists are forecasting that disruptions to factory production in the United States will ease in coming months. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Comments (1-27) not displayed.       .       .       . #28. To: no gnu taxes (#26) "Leakage" is a problem with any inter-government transfer of funds. The article makes that general observation yet offers no tangible evidence beyond that observation. It might help if you knew what to look for. What you need to do is go back and look at a) what the expectations for the economy were as the stim was being formulated...b) what occurred as the "form" came into being and c) what we ended up with and, finally, d) how wrong the intial projections of exactly how bad Bush had left the economy were going forward from Jan of 2009. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-24   15:27:55 ET  Reply   Trace   Private Reply   #29. To: war (#28) The 800 lb gorilla out there you can't ignore is the sheer number of economists out there who don't speak from a partisan viewpoint (like Krugman or even fairly, the Heritage foundation) who provide frank and unbiased analysis that the stimulus was simply a failure. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-24   15:35:52 ET  Reply   Trace   Private Reply   #30. To: no gnu taxes (#29) You've yet to provide one that holds up to scrutiny. I have a one year head start on you with this Paddy. I totally eviscerated a well known - and very partisan - TV "economist" at a Roundtable last year - almost to the day, in fact - when he tried to promote this same nonsense. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-24   15:52:21 ET  Reply   Trace   Private Reply   #31. To: war (#30) So prove what you say the stimulus did. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-24   15:53:26 ET  Reply   Trace   Private Reply   #32. To: war (#30) And BTW, Bush pushed through 2 stimulus packages (not TARP), and you claimed those never helped at all. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-24   15:55:33 ET  Reply   Trace   Private Reply   #33. To: no gnu taxes (#31) So prove what you say the stimulus did. A) We're no longer in a recession. B) Business optimism did turn up after the stim had passed. C) Job losses, especially in construction, were halted and turned positive - where they remain today. D) Manufacturing indicators turned positive where they remain today. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-24   16:00:00 ET  Reply   Trace   Private Reply   #34. To: no gnu taxes (#32) And BTW, Bush pushed through 2 stimulus packages (not TARP), and you claimed those never helped at all. They didn't...and I'm not the only one...and any economist claiming that Obama's "failed" can't reverse course on the bandaids that Bush tried to applly. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-24   16:01:03 ET  Reply   Trace   Private Reply   #35. To: no gnu taxes (#32) And BTW, Bush pushed through 2 stimulus packages (not TARP), and you claimed those never helped at all. I just caught the "NOT TARP" part...what was the second with the one being the $500 dollar checks to some couples? America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-24   16:05:18 ET  Reply   Trace   Private Reply   #36. To: war (#35) In 2001 and 2007 or 2008 he pushed through tax rebates to all families in the form of one time payments. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-24   16:10:33 ET  Reply   Trace   Private Reply   #37. To: war (#33) A) We're no longer in a recession. Begging the point. How do you know the recession wouldn't have ended anyway as they always do? And frankly to claim we might not technically be in a recession isn't saying much as shitty as the economy has been and still is 2 1/2 years after the stimulus was passed. Business optimism did turn up after the stim had passed. So much so that 2 1/2 years later, and 2 years after the recession ended, businesses STILL do not want to hire full time workers. Sure. Job losses, especially in construction, were halted and turned positive - where they remain today. The job gains are not even keeping up with population gains -- 2 years into "recovery." Manufacturing indicators turned positive where they remain today. Positive? By what standards. They are still very weak when looked at over the last few months. Two years after a recession ends (supposedly) with a stimulus plan in place and unemployment is still rising, and growth is under 2%? What planet would anyone live on to think that anything that dumbass did has worked? Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-24   16:20:28 ET  Reply   Trace   Private Reply   #38. To: Badeye (#13) Despite all reports using facts you mean... Which of the following reported FACTS don't you understand, moron? Businesses boosted their orders for machinery, electronics products and airplanes in May. The pickup suggests manufacturing is rebounding after the Japan crises made parts scarce and slowed production of some factory goods temporarily. Orders long-lasting manufactured products increased 1.9% in last month, the Commerce Department said Friday. A key category that signals business investment plans rose 1.6%. Maybe you should lay off the booze so early in the day and preserve the few remaining brain cells you might possess. Thunderbird  posted on  2011-06-24   19:59:10 ET  Reply   Trace   Private Reply   #39. To: no gnu taxes (#19) At least these sources are providing genuine analysis. A question for you NGT, why are conservatives at all concerned about employment numbers as a measure of economic recovery? Isn't employment a lagging indicator, and why would conservatives value employment over productivity, industrial output, and profitability? Thunderbird  posted on  2011-06-24   20:09:04 ET  Reply   Trace   Private Reply   #40. To: Thunderbird (#38) Badeye operates a failing buggywhip business, so talk of machinery, electronics, and airplanes are meaningless to him.. Skip Intro  posted on  2011-06-24   20:14:27 ET  Reply   Trace   Private Reply   #41. To: Skip Intro (#40) Badeye survives due to government money, yet complains constantly about them. Mostly about how they won't give him more. Not that different from a welfare case. ------------------------------------- Why don't you make like a tree and get out of here? Biff Tannen  posted on  2011-06-24   21:01:23 ET  Reply   Trace   Private Reply   #42. To: Thunderbird (#39) Isn't employment a lagging indicator, and why would conservatives value employment over productivity, industrial output, and profitability? Ask someone who has ever cared about such questions. You say conservatives, but liberals make the same arguments. For me, I've never really thought productivity was a sign of economic prosperity for obvious reasons. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-24   21:55:02 ET  Reply   Trace   Private Reply   #43. To: no gnu taxes (#37) All of your questions were answered in very plain English. If there is a particular answer that is difficult for you to understand, please quote it. Thanks. "How do you know the recession wouldn't have ended anyway as they always do?" You answered your own question, sorta. The recession would have ended. Next year, maybe. Or the year after, maybe. Without a stim it most certainly was not going to end in 2009 - as it did. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   11:03:43 ET  Reply   Trace   Private Reply   #44. To: Biff Tannen (#41) It was hilarious to read Boofer's response when he claimed that he had single handedly saved his business from going titsup..."The government had NOTHING to do with why I didn't go tits up...doing background check on PUBLIC SCHOOL TEACHERS is what saved us..." America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   11:06:13 ET  Reply   Trace   Private Reply   #45. To: no gnu taxes (#42) For me, I've never really thought productivity was a sign of economic prosperity for obvious reasons. It's not. It's a measure of efficiency. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   11:06:47 ET  Reply   Trace   Private Reply   #46. To: war (#43) All I got was your OPINION. I say on July 31, the DOW will be 11,900 and the U3 will be 8.9. Think you can beat me? Try. Yeah, and I am just pulling those numbers out my ass, like you do. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-25   11:12:01 ET  Reply   Trace   Private Reply   #47. To: no gnu taxes (#46) I say on July 31, the DOW will be 11,900 and the U3 will be 8.9. Is that suppose to be some sort of bold statement. In terms of "calling" the market, it's akin to standing at the ocean observing the water line and stating that in 8 hours it won't have changed much. Try 7/31/12... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   11:21:29 ET  Reply   Trace   Private Reply   #48. To: no gnu taxes (#46) All I got was your OPINION. Bullshit. These are facts... Job losses were halted. Business sentiment turned up. Housing activity picked up. Construction employment rebounded. Manufacturing indicators turned positive. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   11:32:10 ET  Reply   Trace   Private Reply   #49. To: war (#47) Is that suppose to be some sort of bold statement. In terms of "calling" the market, it's akin to standing at the ocean observing the water line and stating that in 8 hours it won't have changed much. Good marketers can't predict a 1 week trend? You guys suck. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-25   11:32:54 ET  Reply   Trace   Private Reply   #50. To: no gnu taxes (#49) Who cares about a one week trend...one week 99/100 times is a technical trade. Calling the long term fundamental trade is what makes the donuts... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   11:40:15 ET  Reply   Trace   Private Reply   #51. To: Thunderbird (#38) Which of the following reported FACTS don't you understand, moron? I do understand them, pussy. Which is why I know this is pure bullshit. Kinda like you and your new screen name. Now, run along kid. Proxy IP's are amusing.....lmao Badeye  posted on  2011-06-25   11:59:46 ET  Reply   Trace   Private Reply   #52. To: Skip Intro (#40) Skippy, so desperate, so pathetic...I actually feel sorry for you. One of us signs their own paychecks...the other one is you. sorry you feel so envious. Proxy IP's are amusing.....lmao Badeye  posted on  2011-06-25   12:01:29 ET  Reply   Trace   Private Reply   #53. To: Biff Tannen (#41) Badeye survives due to government money, yet complains constantly about them. Mostly about how they won't give him more. Not that different from a welfare case. confusing me with your Mom again, huh biffy? rotflmao. I don't receive government money, and I haven't asked for such. No surprise thats whats first on your mind however, loser. Proxy IP's are amusing.....lmao Badeye  posted on  2011-06-25   12:02:34 ET  Reply   Trace   Private Reply   #54. To: Badeye (#53) I don't receive government money Who pays for those background checks on teachers, Boof? America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   12:21:12 ET  Reply   Trace   Private Reply   #55. To: Badeye (#51) Chuckles...that's not GO65, Boof... Your streak of wrong continues unabated... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   12:22:05 ET  Reply   Trace   Private Reply   #56. To: war (#48) Yeah, wially. Please give up the idea that your posts have no political motivations. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-25   13:05:08 ET  Reply   Trace   Private Reply   #57. To: no gnu taxes (#56) Chuckles...it's only the internet Paddy...don't get your thong in a wad... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-25   14:35:19 ET  Reply   Trace   Private Reply   #58. To: Badeye (#51) I do understand them... If you understood economic facts (such as those reported by the Commerce Dept.) then you wouldn't make stupid comments like calling a 1.9% increase in durable good orders "basically 'running in reverse'", and then try to cover for your stupidity by suggesting "all reports using facts" agree with you. Face it boofer, you're a liar and a chump. Thunderbird  posted on  2011-06-26   11:34:46 ET  Reply   Trace   Private Reply   #59. To: Thunderbird (#58) If you understood economic facts (such as those reported by the Commerce Dept.) then you wouldn't make stupid comments like calling a 1.9% increase in durable good orders "basically 'running in reverse'", Nothing I could post can display your level of ignorance on this topic, asswipe. Run along, you'll never be worth a lie. Proxy IP's are amusing.....lmao Badeye  posted on  2011-06-27   9:30:11 ET  Reply   Trace   Private Reply   #60. To: Badeye (#59) Nothing I could post can display your level of ignorance on this topic, Thats true Boofer...you couldn't post anything like that..and you know it. You're a punk and a bully and dumb as a box of hair. Thunderbird  posted on  2011-06-27   9:47:12 ET  Reply   Trace   Private Reply   #61. To: Thunderbird (#60) lmao. Only a pussy thinks a 'bully' on the internet is 'real'. Run along. Proxy IP's are amusing.....lmao Badeye  posted on  2011-06-27   9:56:51 ET  Reply   Trace   Private Reply   #62. To: Badeye (#61) Is your dialogue going to get any snappier soon, Boofer, or is it just the old Asperger's kicking in? America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-27   10:03:21 ET  Reply   Trace   Private Reply   #63. To: Badeye (#61) Only a pussy thinks a 'bully' on the internet is 'real'. Only a pussy will post chit on the internet they can't back up, and when called on it pretend otherwise. Boofer..you are a great big pussy. /laughter Thunderbird  posted on  2011-06-27   10:16:06 ET  Reply   Trace   Private Reply   #64. To: Thunderbird (#63) Boofer. Only Wally uses that term. Are you his top or bottom? Just curious. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-06-27   11:22:46 ET  Reply   Trace   Private Reply   #65. To: no gnu taxes (#64) (Edited) Only Wally uses that term. Uh...no... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." --GW Bush "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" --Sarah Palin's version of "The Midnight Ride of Paul revere" I lurk to see if someone other than Myst or Pookie posts anything... war  posted on  2011-06-27   11:31:36 ET  Reply   Trace   Private Reply   #66. To: Thunderbird (#63) Only a pussy thinks a 'bully' on the internet is 'real'. Proxy IP's are amusing.....lmao Badeye  posted on  2011-06-27   12:49:01 ET  Reply   Trace   Private Reply   #67. To: no gnu taxes (#64) He's the mini me lmao. Proxy IP's are amusing.....lmao Badeye  posted on  2011-06-27   12:49:23 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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