Rick Santelli boils the big economic indicators like GDP and durable goods orders down to a simple characterization, saying they are “depressingly weak”:
The whole freaking economy is depressingly weak. GDP for quarter 2 has been revised downward to a mere 1.3% and household incomes have fallen 8.2% in the last 4 years. And durable goods, something I’m not all that familiar with, has apparently just had the bottom fall out:
A key measure of the economy, especially in manufacturing, just had the bottom fall out. Orders for durable goods dropped 13.2% in August, the worst decrease in almost four years, and a large signal that the American economy is diving into a recession
All of this just a few days after the MSM was trying to say the economy is finally getting better.