Durable goods orders drop 3 months in a row..

[Stuart G]

Source: MSNBC, AP

updated 8:11 a.m. CT, Thurs., April. 24, 2008
WASHINGTON - Orders to factories for big-ticket manufactured goods fell for a third straight month in March, the longest string of declines since the 2001 recession.
The Commerce Department said Thursday that demand for durable goods dropped by 0.3 percent last month, a worse-than-expected performance that underscored the problems manufacturers are facing from a severe economic slowdown. The last time orders fell for three consecutive months was from February to April of 2001, when the country was sliding into the last recession.
President Bush on Tuesday said the economy was not in a recession but a period of slower growth. However, economists who believe the country has fallen into a recession will point to the string of declines in manufacturing orders to support their view.
http://www.msnbc.msn.com/id/24289500/

Read more: http://www.msnbc.msn.com/id/24289500/

---

Country has fallen into a recession..more proof, and drop was ...greater than expected

[DemocratInSoCal]

1. The Market Should Rally On This News Tomorrow

You obviously did not dig enough in the numbers to find the GOOD NEWS contained therein.

Don't worry, it will pick up when consumers get their hefty rebate checks, and can go on a spending spree.....for about 5 minutes.

[Stuart G]

2. What spending spree?

When I get mine, I am going to buy some gas.ops..that is a spending spree. (by the time my rebate comes, I may be able to fill up 2 or 3 times)..