Courtesy of Doug Short, here is an excellent pair of charts on Real Per Capita “Core” Durable Goods Orders
Core Durable Goods
click on either chart for sharper image
Core Durable Goods Percent Decline From Peak
Doug Short does excellent work. Click on the top link to see additional charts.
I have little to add other than this is how recessions start, an opinion expressed earlier in Durable Goods Orders Ex-Transportation “Unexpectedly” Drop, Down Third Month, July Revised Lower; GDP +1.3% Second Quarter; June Recession Call Looking More Likely.
Mike “Mish” Shedlock
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