Despite all the exuberance at survey-based data and record-er highs in US stocks, US Factory Orders tumbled in July (down 0.8% MoM - it's biggest drop since January).
Despite all the exuberance at survey-based data and record-er highs in US stocks, US Factory Orders tumbled in July (down 0.8% MoM - it's biggest drop since January).
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The driver of the slump was a plunge in defense aircraft and parts spending...
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Welcome to the American Military-Industrial economy!
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