Durable goods orders fall while business spending up

New orders for long-lasting manufactured goods fell unexpectedly for a second straight month in June, posting the largest drop since August in a sign economic recovery cooled in the second quarter.

Both gold- and CPI-adjusted new durable goods (ex defense and aircraft) continue to trace out a pattern of lower lows and highs. The gold-adjusted durable goods time series illustrates the extent to which currency debasement exceeds economic activity. A recovery driven by currency debasement (inflation) will not create enough jobs to maintain the standard of living afforded by the previous economic expansion.

Gold-Adjusted New Orders of Durable Goods ex. defense and aircraft (BCCSGLDR) and YOY Change:


Real Business Core Capital Spending: Real or CPI-Adjusted New Orders of Durable Goods ex. defense and aircraft (RBCCS) and YOY Change:


Source: news.yahoo.com