A surge of a different type

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Government spending kicking in with 2007 spending that was delayed to 2008:

Topical article: The GOP’s December Surprise by James K. Galbraith

Durable Goods Orders Rise Unexpectedly

by Michael M. Grynbaum

A separate report showed that orders for big-ticket items rose last month, beating economists’ expectations. A surge in export orders and *investment in military-related products* sent durable goods orders up 0.8 percent in June from a revised 0.1 percent in May, the Commerce Department said. Excluding orders for military-related goods, orders were up only 0.1 percent.


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