Wednesday, March 28, 2007

Durable goods weaker than expected...

While February's numbers were better than January were there was a decline, it had been predicted that durable goods would increase 3.5 percent, as CNN Money is reporting the numbers came in at 2.5 percent which is raising more concerns about our economy:
"It's more evidence that the economy is on a banana peel," said Jeoff Hall, chief U.S. economist for Thomson Financial, who estimates that the chance of a recession later this year is now about 40 percent.

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