Martin Weiss Safe Money Report    
About WeissSafe Money ProductsOur Service GuaranteeHow to Contact Us  
Subscribers Enter Here

Risk Reports
About Our Staff
Sample Issue
Investment Tools
Favorite Links
Glossary and FAQs
Safe Money Report

July 26, 2001

No Light at the End of the Tunnel

Today's durable goods report tells investors at large what we've warned you for months: There is no soft landing, so put on your crash helmets!

The huge drop in new durable-goods orders last month will further cripple company earnings.. Weak earnings have already hobbled most industries, especially the tech sector, and this just adds to the pain.

The decrease in new orders and shipments means that fewer businesses are investing in equipment or developing new products. Even Fed Chairman Alan Greenspan is concerned that less spending on new equipment will further delay any economic recovery.

So far this year orders are down 11.6%, and the 2% drop in June was twice what was expected. The fact that business spending fell this dramatically in one month clearly shows that the economy is not rebounding. And with consumer spending falling in tandem, we don't expect a turnaround for some time to come.


Printer Friendly Version  Previous Article

Subscribers: Check the latest
Weiss Stock Risk Ratings
before you make your next move!

Non-subscribers: Register Here for three free Weiss Stock Risk Ratings Reports

Sign-up to get SMR's News and Views Commentary emailed directly to you!

Home | Current Issue | Investment Tools | Risk Ratings
About Our Staff | Sample Issue | Testimonials

® 2001 Weiss Incorporated
4176 Burns Road, Palm Beach, FL 20005
tel: (561) 627-3300 - fax: (561) 625-6685