What a lovely Bush Boom we have here.

New orders at U.S. factories fell 4.7 percent in October, the biggest fall in more than six years and marking the third drop in four months, while inventories rose again suggesting growing slack in the economy, a government report said on Tuesday.

Market analysts surveyed by Reuters had forecast an average fall of 4 percent. October’s decline was the biggest drop since an 8.6 percent fall in July 2000.