Wednesday, July 28, 2010

Report shows Capital Goods Orders increased in US; Nobody Cares.


Man gives rat's ass

Washington - In what is surely the latest attempt to stem the flow of bleak economic news coming out of Washington, Bloomberg.com reports that “orders for non-military capital equipment excluding aircraft but including middle range light heavy machinery climbed 0.6 percent last month after jumping 4.6 percent in May.” It was not disclosed that orders for non-military aircraft fell almost 25% in the same period.

According to a survey of local unemployed workers, 8% said this headline was “good news,” while one man in the dissenting 92% noted, “What the #$#% are capital goods orders and why should I give a rat's ass?”**

In related news, Washington plans to release jobs data for Tuesday night shift retail workers tomorrow. Almost nobody except some Morgan Stanley analyst seems to care.

**In the interest of full disclosure, the gentleman mentioned he recently gave a rat's ass to a colleague in exchange for a half-eaten bologna sandwich thereby implying a nominal value for a rat's ass.

A Train

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