Friday, April 24, 2009

Durable Goods Hanging by a Thread (Graph)

Manufacturers' New Orders: Durable Goods, Monthly, Millions of Dollars, Seasonally Adjusted

Durable Goods 424

The current reading is 161,192 versus 162,482 (in millions). The low reading so far was 159,187 versus the high 219,286. That equals 60,099 millions.

I shudder to think what is going to happen if this series makes new lows. Bad news? If you look at the chart we are hanging by a thread. Good news? The worst might be behind us.
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