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Durable Goods Orders crashed – business confidence down, stagflation changing to deflation
Karen Zuba
Feb. 26, 2007

The Durable Goods Orders fell like never before. It showed the weakness in the business confidence. It is also affected by the fact that economy in the last three months of 2006 grew less than the government previously estimated as companies stepped up efforts to curb inventories.

One bright spot is that the growth this quarter can jump to 3 percent from 2.5 percent based on the smaller inventory level in the last three months of 2006.

However, the whole scenario is gloomy. The Durable Goods Orders just conforms that.



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