Wednesday, June 24, 2009

Durable Goods... Update

Here's an update to my post on today's durable goods, which puts the "spike" (in aircraft) in perspective (i.e. there was no real spike).

What there does appear to be is a bottom (temporary or permanent TBD) in the speed at which the level of new orders are deteriorating (dblwyo- the 2nd derivative is positive after all!).

Source: Census