Transportation orders can really skew these numbers, so let's take them out of the graph. The same color scheme applies:
David Foster Wallace: This is Water
22 minutes ago
Tuesday, March 27, 2007
How Confident is Business?
Business is ordering less and less new "stuff". Here is a chart of new orders, seasonally adjusted. The black line is total orders. The red line is the percentage change from year ago levels.
Transportation orders can really skew these numbers, so let's take them out of the graph. The same color scheme applies:
Transportation orders can really skew these numbers, so let's take them out of the graph. The same color scheme applies:
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2 comments:
Well, so much for the fantasy that business would take up any slack in consumers' spending. Why any could possibly think that business would continue to invest in its productive capacity when business sees falling demand mystifies me. Any decent business person knows that demand drives all. Without demand, nothing happens. I guess "it's different this time" always for some people.
Businessmen obviously hate our freedom and want to embolden the terrorists...
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