Monday, January 30, 2006

For Your Information.

It must be the crappy economy that's to blame!

I thought this noteworthy, especially after GM's quarterly report today -
From the Washington Post:

Big-Ticket Factory Orders Hit All-Time High

The Associated Press
Thursday, January 26, 2006; 8:48 AM

WASHINGTON -- Orders to American factories for big-ticket manufactured goods posted a third consecutive increase in December, closing out a record year for the nation's factories.

The Commerce Department reported that orders for durable goods rose by 1.3 percent in December to $228.1 billion as demand for military aircraft, machinery and autos all posted strong gains.

For all of 2005, ordrs increased by 8.2 percent to an all-time high of $2.51 trillion. Orders for durable goods had risen by 10 percent in 2004 and 4.2 percent in 2003 after posting declines in 2002 and 2001, the year the country was in recession.


Analysts are looking for manufacturing to be a source of strength this year, spurred by increased investment by businesses to expand and modernize their operations.

Go read the whole thing.
Pretty interesting, and not terribly long.

Now if GM could just rangle a piece of that pie...

No comments: