Durable goods shipments

Big hat tip to Mike Shedlock for this pearl. If I were a cynic, I’d say this is more evidence that if we are preparing for something, we are preparing for war.

The chart below is self explanatory but in case you can’t make sense of it here is what it means. Shipments of manufactured durable goods are down across the board; this is the reason unemployment is rising and consumer expenditure is cratering along with government revenues. But shipments of manufactured military goods are up… thus bringing up the average for all shipments.

Any questions?

Good. Got bullion?




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