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For the 4th month in a row, Capital Goods Shipments (Ex Air) fell MoM – down 0.4%, missing expectations of a 0.1% rise, and historical data was revised lower. Capital goods are goods that are used in producing other goods, rather than being bought by consumers.
Yes, capital goods shipments YoY are definitely “ski-sloping.”
Durable goods orders ex transportation also fell -0.4% in August. That is 20 straight months of YoY decline, the longest non-recessionary streak in history.
Here is a photo of former President Bill Clinton and daughter Chelsea listening to Hillary Clinton’s dynamic economic vision at the first Trump-Clinton Presidential debates.
Or maybe they just viewed the durable and capital goods charts.
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