Not to be too snarky, but these may the the same economists that predicted that STIMULUS 1 would keep unemployment under 8%.Orders for long-lasting goods unexpectedly fell during August, the second drop in three months as manufacturers struggle with a bad economy.
Durable-goods orders decreased by 0.1% from the prior month to $201.76 billion, the Commerce Department said Wednesday.
Economists surveyed by Dow Jones Newswires had forecast a 0.2% rise in orders during August for durables, which are goods designed to last at least three years. The drop followed a 4.1% surge in July and a 1.1% decline during June.
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Wednesday, September 28, 2011
There's that word again: "unexpectedly."