Durable Goods Demand Plummets in March; Inventories Hit New All-Time High

Will · 04-25-2012, 10:42am

Durable Goods Demand Plummets in March

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A new report from the Department of Commerce today showed that demand for durable goods declined drastically in March:

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New orders for manufactured durable goods in March decreased $8.8 billion or 4.2 percent to $202.6 billion, the U.S. Census Bureau announced today.

Inventories once again hit a new all-time high in March:

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Inventories of manufactured durable goods in March, up twenty-seven consecutive months, increased $1.7 billion or 0.4 percent to $375.1 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 0.3 percent February increase. Transportation equipment, also up twenty-seven consecutive months, had the largest increase, $0.8 billion or 0.7 percent to $118.0 billion. This was also at the highest level since the series was first published . . .

As the Washington Dispatch reported last month, the excess of inventories over orders continues to show that the U.S. economy remains exposed to the risk of a "double-dip" recession:

Durable Goods Demand Plummets in March

Torqaholic · 04-25-2012, 12:55pm

So are prices coming down to move the product or do they intend to plow it under?

We're been going down the same road that lead to the Great Depression. All of this has happened before. I pointed out the similarities before the current recession even began... Didn't get many comments on that thread

Won't be long now and you'll be able to buy a couple loaves of bread for a nickle. Only problem is you nobody will have one... You guys are keeping some cash in your matress I hope.

Stangkiller · 04-25-2012, 1:31pm

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Originally Posted by Torqaholic

So are prices coming down to move the product or do they intend to plow it under?

We're been going down the same road that lead to the Great Depression. All of this has happened before. I pointed out the similarities before the current recession even began... Didn't get many comments on that thread

Won't be long now and you'll be able to buy a couple loaves of bread for a nickle. Only problem is you nobody will have one... You guys are keeping some cash in your matress I hope.

No need, i'm keeping ammo at my house..hopefully my neighbor's got the cash and the other neighbor's got the food.

mrvette · 04-25-2012, 3:01pm

HUMM....push to shove, I going to execute my old left over business partners, and live off their stash.....hell with them and theirs....

one of them is SO fat I could live for 6 months off his ass.....serious....

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