Sunday, August 26, 2007

The Economy Looks Good

LexisNexis News - Durable-goods orders surge 5.9% in July Maybe the sky isn't falling.
Orders for U.S.-made durable goods jumped 5.9% in July on higher demand for airplanes, vehicles, computers, machinery, steel and most other kinds of long-lasting manufactured goods, the Commerce Department reported Friday.

Excluding the 10.8% increase in transportation goods, orders rose 3.7%, the fastest gain in two years.
Go figure, and here all the MSM is talking about is how the sub-prime mortgages are going to kill to economy. (Or are they just hoping for more bad news?)

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