Recession Warning: Durable Goods New Orders falling 5 months in a row

Durable Goods new orders has now fallen 5 months in a row (after revisions) flashing a orangey/red recession warning.

 

After 2 weak months, Durable Goods bounced more than expected in June (+3.4% vs +3.2% exp) - though non-seasonally-adjusted dropped 3.1% MoM. But ex-Transports remain deeply in recession territory.

http://www.zerohedge.com/news/2015-07-27/durable-goods-bounces-revised-lower-yoy-declines-flash-us-recession-warning