It's a good thing Durable Goods New Orders growth is plunging and the "recovery" in Capital Goods New Orders petered out.
Take a look.
We reiterate our call for the underlying pace of U.S. real GDP growth to slow throughout the balance of the year.
Don't be a lazy macro tourist and get sucked into volatile, increasingly useless QoQ SAAR noise. Real GDP growth will be 2% or less in 2015.