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Construction Spending Growth Misses By Most In A Year
February construction spending was revised from a hope-filled 0.1% rise to a "it's the weather" 0.2% drop - which theoretically should have juiced March's data even more... but it didn't. The 0.2% rise in Construction spending in March is the biggest miss (exp. +0.5%) since March of last year.Quite a divergence...
- *GOVERNMENT CONSTRUCTION SPENDING WEAKEST SINCE NOVEMBER 2006
- *PRIVATE RESIDENTIAL SPENDING IN U.S. STRONGEST SINCE MAY 2008
So much for that breathtaking pent-up demand surge post-weather... or we pre-suppose that is coming in April... or May
Charts: Bloomberg
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I can't wait until silver hits zero so I can load up.
I remember reading there's one ounce available for every three people in the world; I wonder how we'll decide who will get one?
Why is it that I keep hearing the phrase "excluding volatile food, energy and housing prices" in my head over and over?
Anybody else here watching the 10yr...30yr today? Interesting.
I'm watching, and getting ready to bail on my short at 134-21; it is very interesting; somebody is nervous in the service. Whole lotta shakin goin on. just like Jerry Lee Lewis.
On the theory that Bonds are the hidey hole; the safe haven. No, I don't believe that, but a lot of people do.
Whatever it was happened in the last half hour; worried about Ukraine? Didn't like the employment numbers? Woke up with a rash? Don't know.
Who needs construction, we have free money!
The potholes are so bad around this place that it would probably be cheaper to fill them with fiat then it would be to pave them with asphalt.
This is good news. You need to take a break once in awhile, to recharge the batteries. That way you can come out swinging and really get rolling. There is so much pent up demand out there, the consumer is hungry to buy. Once fannie offers 100 year mgts. on mobile homes, watch out!
sarc
Yellen should build a huge branch office in every town.
Shocked, I'm shocked I say, to see a shortfall in construction. How amazing.
I do large construction projects that typically have a timeline of 2 years or longer and it's time to start working on some backlog. It's eerily quiet out there. Even the local university has shelved or postponed projects, and they just love spending money.