US durable goods orders fell by 2.5 per cent – depression deepens
Paula Zuba
Jul. 29, 2009

US durable goods orders fell by 2.5 per cent. The demands for transportation equipment and aircraft collapsed conforming the deepening depression.

Compared to the last year the orders were off by 28 per cent. Transportation orders went down by more than 12 per cent in June. The capital goods were down by more than 8 per cent.

The unemployment picture is also getting worse. The manufacturing sector looks weak. The exports are alos weak.

US durable goods orders fell by 2.5 per cent – depression deepens
Paula Zuba
Compared to the last year the orders were off by 28 per cent. Transportation orders went down by more than 12 per cent in June. The capital goods were down by more than 8 per cent.
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Medical insurance companies cannot refuse coverage on pre-existing conditions, services based on gender, place caps on coverage, deny children family coverage: Obama
Special Correspondent
President Obama wants to send a clear signal to the special interest lobbyists – their influence paddling days in Washington is over.
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Data may show Consumer confidence fell to 48.5 in July, from 49.3 the prior month
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In the middle of all that the inflation especially in commodities is edging up. That is not good for the economy or the stock market. The dollar will become weak and gold will take off above $1000 per ounce.
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New house sales in the US jumped by 11 per cent in June – why is lumber price so weak then?
Marla Guthrie
The price divergence between new home prices and the lumber price shows the fact that demand is artificially created by unrealistic price reductions. That is not sustainable on the long term.
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Verizon slashes 8200 jobs with drop in net income – economic depression intensifies
Sam Adelton
Typically in a bear market rally within a secular long term bear market, the market rallys big on a percentage basis but companies like Verizon with steady customer base keep experiencing declining profits.
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Social networking site Facebook has defended a controversial move that allows its partners to use members’ hosted photos to promote advertisements
Kiarn Chaube
It is easy to shift the responsibility to application developing partners. Fact of the matter is that Facebook has allowed use of pictures of members in a controversial manner.
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Bernanke says 'People are adopting good habits' : Does it help reversing the economic depression?
Fred Day
The Dow will challenge 10,000 very soon. It will fail to sustain that level and then in the next twelve months will fall below 3,000. The unemployment will rise fart above 15% and the housing collapse will accelerate beyond any imagination.
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Investment banks and Government to spur over mega million dollar pay packages – Citi Group faces legal challenge
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Investment banks and Government are eying each other, as the spur over mega million dollar pay packages is about to start. Citi Group faces legal challenge on one side and Government’s new pay czar.
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