• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Goldman On Durable Goods: Encouraging, But Doubt Recent Growth Rates Will Be Sustained

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Wed, 09/28/2011 - 09:33 | 1718115 Moneyswirth
Moneyswirth's picture

You look at the C+I+G+Exports equation and its anemic.  The government is the only thing capable of holding up the whole damn thing.  I'd be shocked if unemployment is below 9% come 2012.

Wed, 09/28/2011 - 09:44 | 1718143 GetZeeGold
GetZeeGold's picture


GS runs the world.....I'd listen to them.

..........I'm just saying.


Wed, 09/28/2011 - 09:54 | 1718184 boom goes the d...
boom goes the dynamite's picture

maybe they run the world only because people listen to them?

Wed, 09/28/2011 - 10:58 | 1718413 DeadFred
DeadFred's picture

They may run the world but they don't tell the truth. 

Wed, 09/28/2011 - 10:47 | 1718372 kito
kito's picture

listen to them and do the opposite. remember that gold to 2500 call? they are liars. manipulators, and always always to the opposite of what they recommend.

Wed, 09/28/2011 - 12:00 | 1718609 pelican
pelican's picture

Perhaps they are preoccupied.  Apparently, Anonymous posted the home address of the CEO of GS on the net.  

Wed, 09/28/2011 - 09:44 | 1718144 boom goes the d...
boom goes the dynamite's picture

The gooberment will changed the calculation for unemployment to exclude anyyone who is currently on foodstamps or other welfare programs bringing the new unemployment rate down to 6%, making a check from the gov in return for doing nothing the new form of sustainable employment.

Wed, 09/28/2011 - 09:49 | 1718163 Quinvarius
Quinvarius's picture

Heh.  That might work.  Count all the people receiving unemployment benefits as government employees.

However, it only works for the purposes of spreading BS.

Wed, 09/28/2011 - 09:53 | 1718181 Clueless Economist
Clueless Economist's picture

But I saw Steve Liesman on CNBS and he says this is actual a very solid report.  His analysis shows this is a big positive in the ongoing recovery.

Wed, 09/28/2011 - 09:43 | 1718142 Conventional Wisdumb
Conventional Wisdumb's picture

Can anybody out there translate this crap?

Wed, 09/28/2011 - 09:45 | 1718151 Robslob
Robslob's picture


Don't be shocked...they just goalseek numbers that equate to Obama being re-elected...I can hear it now...

First time ever a President re-elected with unemployment above 9%!


Another does of Hopium: Greece to face inspectors, Merkel hints at bailout

Wed, 09/28/2011 - 09:50 | 1718169 disabledvet
disabledvet's picture

Yeah. Inspectors' Clouseau. And rather than declare martial law they're going to declare "hanky-panky." GREEK hanky-pancky no less!

Wed, 09/28/2011 - 09:49 | 1718165 Oh regional Indian
Oh regional Indian's picture

What a bunch of lies. They lie by hinting.... like above..... strong appreciation, yes, in Bomb making material and other sundry orders from the bottomless pit of spending known as the Pentagon. 

So now, it's just so clearly a Headline Nudging the bots play. 

Meanwhile, India is watching all this with bated breath, the collapse of the US/EU is the prompt implosion of the credit obese, great Indian Service delivery Indian middle class. Who currently will nto be denied in teh face of rising rates. 

Sheep to the adman's slaughter.


Mall Mauling and Gandhian Tales

Wed, 09/28/2011 - 09:49 | 1718166 LongSoupLine
LongSoupLine's picture


The real news is Bob Pisani said, "What's important here is stocks are attractive."

I'm all in on this news and more importantly, Amazon has a new "food item" (see: list of FRBNY nutrition) being released this morning.  This is obviously going to save the economy according to how CNBS is acting.

Wed, 09/28/2011 - 09:51 | 1718175 Village Smithy
Village Smithy's picture

Seriously, I think that reading flyers can be great for economic forecasting. I am not surprised this core number was OK, the flyers during August were full of discounted crap and there were lots of "buy now, don't pay a cent until next year" deals being handed out. Once again we see this slight of hand trick where demand is pulled forward to pad the numbers.   

Wed, 09/28/2011 - 09:57 | 1718194 Caviar Emptor
Caviar Emptor's picture

The multi-trillion dollar stimuli given in various forms in 08-10 are already sputtering! 

The stimulus is Keynesian, yes, BUT it was done with the supply-side monetarist school philosophy of boosting coporations and the FIRE sector to prime the pump. 

WHat they didn't count on: the core of the economy has been rotted out and continues to be as the middle class finally did get tapped out, unable to extend the reach of credit any further, with fallling incomes and net worth, and the limits of the era of cheap anything. Worse, the more they print dollars, the thighter this biflationary trap constricts demand. Like a Boa. 

Wed, 09/28/2011 - 09:58 | 1718199 Moneyswirth
Moneyswirth's picture

The journalism students on CNBC said stocks are attractive?  Nah....couldnt be...

Wed, 09/28/2011 - 10:19 | 1718267 Ellesmere
Ellesmere's picture

HA !! Love the crack about the scaffolding...

Wed, 09/28/2011 - 10:55 | 1718402 I did it by Occident
I did it by Occident's picture

May we assume some of these numbers are reflective of propensity of some suppliers doing channel stuffing? 

Wed, 09/28/2011 - 11:13 | 1718444 NEOSERF
NEOSERF's picture

With Rosh Hashanah starting tonight, window dressing is over and no volume grind ups starting this afternoon through Fri are likely with a BIG downdraft on Monday as the lack of a super bailout become evident.

Wed, 09/28/2011 - 11:15 | 1718458 PulauHantu29
PulauHantu29's picture

Don't count yoru chickens before they hatch!

Wed, 09/28/2011 - 11:58 | 1718595 Zero Govt
Zero Govt's picture

 "Goldman On Durable Goods: Encouraging, But Doubt Recent Growth Rates Will Be Sustained"

More importantly Goldman Sucks, will your stagnation and Turnover-Collapse-Rate continue?

My how the mighty fall.. so hard and so fast! Just a small point but how does 1st Class on the Titanic, like Captain Calamity Lloyd Blankfein, rake in such heavenly bonuses while his bankrupt Banks Turnover sinks so quickly?

Did the 'Almighty' that 'Guides Him' set the Bonus pool rates to markedly diverge as the companies sales drown?

Message to all Go' Suck employees: there aren't enough lifeboats and 1st Class aren't going to organise anymore either as they've reserved them all for themselves so real soon 'Learn to Swim'

Go Suck by Name and Just Sucks by Nature


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