Decline in November Durable Goods Orders Was Dominated by a
74% (-74%) Plunge in Irregular Commercial Aircraft Orders

Ex-Commercial Aircraft, Orders Gained for the Month, but
Smoothed Activity Showed Ongoing Recession

Latest Revisions to Third-Quarter National Income Were Not Credible:
Annualized Headline Growth of 3.5% (Was 3.2%) for GDP,
4.8% (Was 5.2%) for GDI and 3.4% (Was 3.1%) for GNP

Better-Quality Indicators of Broad Business Activity Still Show the
Economy Never Recovered from Its Collapse into 2009 and Is Turning Down Anew

Home-Sales Activity Continued in Broad, Non-Recovering Stagnation

Gain of 5.2% in November New-Home Sales Was No More than Statistical Noise,
Still Down by 57% (-57%) from Pre-Recession High

November Existing-Home Sales Still Down by 23% (-23%) from Pre-Recession Peak;
0.7% Monthly Gain Largely Was Due to Downside Revision in October

Annual Existing-Sales Growth Heavily Skewed by Year-Ago Reporting Inconsistencies

Proportion of Existing Sales in Foreclosure Rose for a Second Month