Phew. What a relief. The good and kind arms merchants protecting us from economic disaster.
by Tyler Durden….. If ever there was a clearer indication of America’s “need for war” it was the latest Durable Goods orders data, which confirmed, absent defense spending, the US economy is in a tail-spin. However, as NYTimes reports, foreign arms sales by the United States jumped by almost $10 billion in 2014, about 35 percent, even as the global weapons market remained flat and competition among suppliers increased, thanks to multibillion-dollar agreements with Qatar, Saudi Arabia and South Korea.
Defense Spending New Orders has soared 148% in the last 3 months… the biggest rise since 2007
But it is the US arms sales to foreigners that is really flourishing.Despite a stagnant international weapons market and increased competition among suppliers, American foreign weapons receipts rose from $26.7 billion to $36.2 billion last year. According to a new congressional report, as The NY Times reports…
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