Recession Red Flag: Excess of Durable Goods Inventory over New Orders Nears All-Time High

By: Will (Diary)  |  October 2nd at 11:37 AM  | 

Earlier this month the U.S. Census Bureau’s Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for July 2012 showed that inventory stockpiles once again rose in July. The final revised numbers for July now show that the excess of nondefense inventory (excluding aircraft) over new orders hit its second highest total ever recorded at $59.8 Billion, surpassing the peak seen during the recession following the bursting of the dot-com bubble, | Read More »

The Obama Economic Record: Skyrocketing Cost of Living, Stagnant Income

By: Will (Diary)  |  October 2nd at 11:35 AM  | 

From January of 2009 through August of this year, the cost of basic living necessities (consisting of the five basic necessities for most middle and lower income Americans:  Rent, Medical Care, Gasoline, Home Energy, and Groceries) has skyrocketed in comparison to income, which has remained stagnant:   Links to Individual Data Sets: Real Disposable Personal Income per Capita Real Personal Income Food at Home Gasoline Rent | Read More »