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Durable Goods Fall For 20th Straight Month YoY, Capital Goods Ski-Sloping

This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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.

capgoodsexed

Yes, capital goods shipments YoY are definitely “ski-sloping.”

_skisloping

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.

durablegoodsyoyex

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.

billchelsa

Or maybe they just viewed the durable and capital goods charts.

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