March Durable Goods Orders Drop Sharply
April 25, 2012 at 10:25 AM EDT
The margin of safety for durable goods orders is wearing thin. This series isn’t forecasting a recession, at least not yet, but it’s now the closest to crossing the line since the U.S. slipped into macro darkness in 2008. The Census Bureau reports that new orders for manufactured durable goods dropped 4.2% in March on [...]