US Factory Orders Tumble In July As War-Spending Slumps

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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).

 

The driver of the slump was a plunge in defense aircraft and parts spending…

Welcome to the AmericanMilitary-Industrial economy!!


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