From today's Commerce Department release on durable goods orders:
| "Inventories of manufactured durable goods in September, up twenty one consecutive months, increased $0.4 billion or 0.1 percent to $365.6 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.9 percent August increase." |
And here's how it looks:
It seems our policy makers still haven't figured out that no matter what you do on the supply side, you can't have an economy if your consumers can't afford to buy things.
ReplyDeleteYes. It's the demand, stupid!
ReplyDelete