Posted by Sada Mosler on July 25th, 2008
Government spending kicking in with 2007 spending that was delayed to 2008:
Topical article: The GOP’s December Surprise by James K. Galbraith
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.