Over the cliff: Durable goods orders drop 13.2% in August; Update: Q2 GDP downgraded from 1.7% to 1.3% « Hot Air September 28, 2012 jamesbbkk Uncategorized Leave a comment A 23 percent reduction in reported GDP growth shows how poor the initial report was. Over the cliff: Durable goods orders drop 13.2% in August; Update: Q2 GDP downgraded from 1.7% to 1.3% « Hot Air. Share this:TwitterPinterestTumblrRedditFacebookEmailPrintLike this:Like Loading...