Thursday, April 24, 2025

"Experts" wrong again on economic growth

Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, jumped 9.2% last month after slightly downwardly revised 0.9% gain in February, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had forecast durable goods orders advancing 2.0% after a previously reported 1.0% gain in February.

Posted by ScottS at 09:18 AM | 24 COMMENTS | permalink

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Nothing to see here folks - 'experts' just off by 360% in their 'expert' forecasts. Strange how all the errors only seem to go one way with Trump and the other way for the Democrat presidents.

Comments

Commerce Department's Census Bureau

POSTED BY SCOTTS

Donald Trump is a Liar.

There's no reason to believe any data his government releases.

I am so, so damned sorry that being a Liar means nothing you (including you personally) assert will be trusted.

You may never be able to get over it.

#1 | Posted by Zed at 2025-04-24 09:54 AM

"There's no reason to believe any data his government releases.
#1 | Posted by Zed"

LOL. So that is the new BlueAnon conspiracy theory? Sounds pretty dumb to me - but, compared to some of the other hoaxes you -------- fell for, I guess I can see how you believe it.

#2 | Posted by ScottS at 2025-04-24 10:17 AM

that is the new BlueAnon conspiracy theory?

#2 | POSTED BY SCOTTS

That Trump is a Liar?

You think that he's not?

#3 | Posted by Zed at 2025-04-24 10:18 AM

POSTED BY SCOTTS

Not going to stand up for your man?

#4 | Posted by Zed at 2025-04-24 10:21 AM

People buying up before the tariffs kick in.

#5 | Posted by snoofy at 2025-04-24 10:24 AM

POSTED BY SCOTTS

SNOOFY offered you a face-saving escape.

But then you've have to admit the economy is crashing, wouldn't you?

#6 | Posted by Zed at 2025-04-24 10:26 AM

Whenever I see "experts" in quotation marks or the term "so-called experts" I know it's going to be a garbage take from a ghoul or looney

#7 | Posted by hamburglar at 2025-04-24 10:26 AM

"#7 | Posted by hamburglar"

Well, most "experts" don't have their forecasts off by 360% and are still referred to as expert.

#8 | Posted by ScottS at 2025-04-24 10:29 AM

"But then you've have to admit the economy is crashing, wouldn't you?
#6 | Posted by Zed"

What the F are you talking about? Durables goods were UP 9.2% - which smashed forecasts. That is not a crashing economy.

#9 | Posted by ScottS at 2025-04-24 10:30 AM

#8 | POSTED BY SCOTTS

I guess that you have no face to save.

Your lack of personal pride shows in everything you post.

#10 | Posted by Zed at 2025-04-24 10:31 AM

Durables goods were UP 9.2%

#9 | POSTED BY SCOTTS

And Putin is scared of Donald Trump.

We get you, Buddy.

#11 | Posted by Zed at 2025-04-24 10:31 AM

People buying up before the tariffs kick in.

#5 | Posted by snoofy

This is what it was. It was in the news last month. It was on this site last month.

Scott is just not very bright.

#12 | Posted by Sycophant at 2025-04-24 10:33 AM

"#11 | Posted by Zed"

Yep, BlueAnon has melted your brain.

#13 | Posted by ScottS at 2025-04-24 10:34 AM

"#12 | Posted by Sycophant"

Sure it was ------- - which is why NONE OF THE EXPERTS predicted it.

#14 | Posted by ScottS at 2025-04-24 10:35 AM

Purchasing inventory is up people are rushing to get stock. It's almost as if there's some idiot creating a very turbulent Market for no reason, that's causing inflated stock levels anticipating tariffs that actually stick around.

#15 | Posted by sitzkrieg at 2025-04-24 10:43 AM

My oh ---- who the ---- let Pete Navarro in the building orders will get here around October. 6 month lead time and all that.

#16 | Posted by sitzkrieg at 2025-04-24 10:44 AM

Blueanon? Sounds to me like someone is trying to hard.

#17 | Posted by silentwalker at 2025-04-24 11:20 AM

This "analysis" leaves out the central reason for the surge: fear of new taxes. Now, no matter what happens, we're headed for a buying slump.

In related news, the purchasing of "Forever" postage stamps spikes right before a price increase. Gee ... I wonder why ... .

#18 | Posted by Danforth at 2025-04-24 11:44 AM

Credit the rise to Boeing.

US durable goods orders soar on aircraft bookings in March
www.reuters.com

... Orders for long-lasting U.S. manufactured goods surged in March on strong demand for commercial aircraft, but activity elsewhere was muted, likely as businesses exercised caution against the backdrop of a darkening economic outlook caused by tariffs. ...

#19 | Posted by LampLighter at 2025-04-24 11:53 AM

... Nothing to see here folks - 'experts' just off by 360% in their 'expert' forecasts. Strange how all the errors only seem to go one way with Trump and the other way for the Democrat presidents. ...

More from the cited article...

... Transportation equipment orders soared 27.0%, boosted by a 139.0% jump in commercial aircraft orders, which are extremely volatile. Boeing (BA.N) reported on its website that it had received 192 aircraft orders in March, up from 13 in February.

But China this month ordered its airlines not to take further deliveries of Boeing jets, and some airline CEOs have said they would defer plane deliveries rather than pay duties, which could undermine the plane maker's recovery from a crippling strike last year.

Two Boeing planes destined for China recently returned. Boeing CEO Kelly Ortberg, however, said on Wednesday that the company had avoided broader damage from tariffs and could redirect jets to other airlines that have been "asking for additional airplanes."

Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, edged up 0.1% in March after revised 0.3% drop in February. These so-called core capital goods orders were previously reported have declined 0.2% in February. ...



#20 | Posted by LampLighter at 2025-04-24 12:47 PM

Snotty Scotty got an "F" in Econ 101

#21 | Posted by LegallyYourDead at 2025-04-25 11:15 AM

@#21

Looks that way.

#22 | Posted by LampLighter at 2025-04-25 09:23 PM

"Snotty Scotty got an "F" in Econ 101
#21 | Posted by LegallyYourDead"

I had a 3.9 GPA for undergrad and 3.8 for graduate school. What GPA did you get at your pretend law school?

#23 | Posted by ScottS at 2025-04-26 01:03 AM

@#23 ... had a 3.9 GPA for undergrad and 3.8 for graduate school....

Good for you.

Your parents must be so proud.

Now, I have to ask, when will your current trolling alias start posting comments that reflect those GPAs?

#24 | Posted by LampLighter at 2025-04-26 01:33 AM

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