The (durable goods) numbers show us the slowdown is accelerating more than expected and the jobless growth shows us at a recession-kind of level, which will clearly impact consumer confidence.
It definitely is a weak number and is symptomatic of how weak this economy really is. I think this tells us the slowdown accelerated a little more than we expected.
This number will be overlooked. The issue is not inflation. If anything, it's deflation because the economy is just so weak.