Explain this Barry!! What rich wealthy person will you find to blame this on. It seems that there are only a few left you haven't blamed. Hey Why not Ross Perot?
Demand for long-lasting U.S. manufactured goods dropped by the most in three years in March and a gauge of business spending plans fell, suggesting factory activity lost momentum as the first quarter ended.
Durable goods orders tumbled 4.2 percent, the largest decline since January 2009, the Commerce Department said on Wednesday after a downwardly revised 1.9 percent increase in February.
Economists had forecast orders for durable goods, which range from toasters to aircraft, falling 1.7 percent after a previously reported 2.4 percent rise in February.
Orders were dragged down by a 12.5 percent plunge in bookings for transportation equipment - the most since November 2010.
Read more on Newsmax.com: Orders for Goods Tumble by the Most in Three Years
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