Apr

25

                        Mar.   Feb.
                        2007   2007
==============================

========
NEW ORDERS               3.4%   2.4%
 Ex-transportation      1.5%  -0.4%<<<
 Ex-defense             4.5%   2.6%
————————————–
Capital goods            8.2%   8.8%
 Non-defense           11.7%   9.8%
  ex-aircraft           4.7%  -2.3%<<<
 
 
After reading the papers this morning about how free-falling housing and a punk consumer would tip us into recession, we're confronted with today's durables data showing in Monty Python-esque manner we're "not dead yet".
 
Bonus doomster whack: Feb. data revised up!
 

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