July Factory Orders Plunge To Weakest Since Feb (As Boeing Bounce Disappears)

Following the Boeing-driven spike, July is landing with a thud back to reality as final data today confirms a 3.3% MoM tumble in factory orders and 6.8% plunge in durable goods orders.

 

In fact, it gets worse as aggregate factory orders are now back at their lowest level since February...

As goes Boeing... so goes America? (or to put it another way, we're gonna need moar war, baby).

Comments

TeethVillage88s Hammer823 Tue, 09/05/2017 - 10:17 Permalink

You want markets go to London.

https://www.cnbc.com/2017/09/05/azerbaijan-ran-secret-slush-fund-to-pay…

opacity.

"Azerbaijan's ruling elite ran a secret $2.8 billion slush fund for two years to pay off European politicians and pay for luxury purchases, an investigation has shown.

The secret fund, dubbed Azerbaijani Laundromat, ...

The cash was allegedly channelled through four U.K.-registered companies, where "lax regulations" allowed for opacity."

In reply to by Hammer823

TeethVillage88s Tue, 09/05/2017 - 10:15 Permalink

Factories! We don't need no stinking factories.

We got the bomb, unlimited fiat, World Reserve Currency, Credit Default Swaps, the London City Financial Area, ... and Central Bank to keep Equity markets high, lie about inflation, GDP, and Employment... and to hide the ways inflation is created and the abuse by the Capitalist system (Byzantine 75,000 pages of Regulations, 74,000 pages of income tax code, Gerrymandered Congressional Districts, fake news media, fake 2 party war system, Usury straight to the Moon Alice, and no rules against giant funds from buying Real Estate and inflating the Housing Market & all Rents)

c2nnib2l Tue, 09/05/2017 - 10:18 Permalink

what difference does it make ?everything those days is bullish for the market look at S&P Nasdaq Dow Jones    Nothing can stop this from going not North Korea or bad Job data or shit factory orders, everything is, was and will always be awsome I don't really know what would it take to crash the market ? or even force some small pullback tiny correction ?Nuke on Washington DC begining to look like a BTFD ! 

sheikurbootie Tue, 09/05/2017 - 10:22 Permalink

I've relied on durable goods orders to guage the economy for 3 decades.  The US never left the recession of 2008.Congress needs to let Trump try some of his ideas.  Doing the same thing that doesn't work, will never fix it. Time to hit the reset button. 

Hal n back sheikurbootie Tue, 09/05/2017 - 10:59 Permalink

"not invented here"Congress cannot let anything change  as that would expose now rather than in future,  that they royally  screwed things up.This is one reason why both parties are giving trump a tough time.The madia is in hot water. what they have been saying is all wrong even before trump came on scene. They dealt themselves a hand of saying bullshit, now they cannot reverse. 

In reply to by sheikurbootie

NEOSERF Tue, 09/05/2017 - 10:31 Permalink

11 AM V-shaped recovery coming in 29 minutes after algos reprogrammed to understand the enormous durable good and oil demand increase from war with NK

Richard640 Tue, 09/05/2017 - 12:09 Permalink

"They" will stage a 5% or 105 correction just "for show"...to lend a similacrum of legitimacy to U.S. asset mkts.  Then , after "refreshing itself" Wall St will get back to the business of further levitating "paper assets".