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Construction Spending Growth Misses By Most In 14 Months
But... the pent-up demand? The post-weather spend-a-thon? US Construction spending rose a mere 0.2% MoM - missing the 0.7% expectations by the most since March 2013. Aside from January's plunge, this is the lowest growth in spending since August of last year.
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You know really if you're interested in the stock market, you only have to worry about one indicator. Is the Fed printing today?
If that doesn't cause a new ATH then I don't know what will.
If there is any further collapse between June to May, watch out below.
Why do we continue to give any weight to month over month comparisions?
What's the 12 month rolling average compared to the twelve months ending for the sme period in 2013? That's the real story.
Eliminate all these bullshit seasonal adjustments they use to manipulate our perceptions.
but, but , but......
Tsk...that pesky reality thing is getting in the way again.
Why would anyone spend money in Barry's America? Nothing makes me feel positive about the future... Nothing.
I'm not 'investing' in jack shit here anymore, to me you'd have to be a lunatic to invest in this utter failure, and I'm only spending bare minimum just to get by.
Me too....my wife and our family have cut our spending in half....just goes to show how much totally useless crap we (meaning my wife) were buying.
Is it really that hard to channel-stuff housing?
Come on, people.
Must.....Expand......Moar.......
Gee maybe the 'Jabba the Hutt' economic model of constant rapid expansion may result in the whole thing keeling over with a heart attack? The world is only so large.....only just so many resources.
Bullish news! I'm going all in!!!
[sarc]
Turn the construction into destruction workers.
Take down all those vacant storefronts and park all those channel-stuffed autos there so the consumer recovery line continues.
This is crazy. In my neck of the woods, NC you wouldn't know that there is a slow down in construction. Farmers are selling thier land everywhere in the piedmont region and subdivisions or shopping centers are getting slapped up.
Can't even believe your lying eyes nowadays.
Maybe in some states, but in others there are loads of empty storefronts. It depends where the big-money crowd is.
In Washington DC the money always flows. It's always booming there.
The new consumer is Asian who pays cash.
The importation of foreign trash/the exportation of capex and jobs.
Middle class genocide.
Drip, drip, drip.....
"You're traveling through another dimension, a dimension not only of sight and sound but of mind. A journey into a wondrous land whose boundaries are that of imagination. That's the signpost up ahead - your next stop, the Twilight Zone!"
Nero plays golf as it all burns away.
You say repopulate new Rome with new Romans is the solution?
Say goodbye to your borders, language, and culture?
Well, I hope you fit in with the new border, language, and culture under construction.
Maybe Caterpillar can buy-back stock and inflate its EPS, again.
How can there be all this "pent-up demand" when there are so many properties just sitting vacant?
Wouldn't you have to go through THOSE properties first, to get to where you have real 'demand' for more to be built?
Of course, the illusion of demand must be maintained, lest the prices of those existing properties go down...
This is truly the "Weekend at Bernie's" market. But, just like the movie, it can only go on for a short time until the corpse starts to stink, and the whole premise falls apart.
Of course, I have to remind myself that there WAS a "Weekend at Bernie's 2"...so I guess the credulity CAN be stretched a lot further than you'd think...
The FED knows real GDP is negative since at least 2008.
Spend it, build it, and hope a hedge fund buys it for cash.
The government is lying to us?
Why would they do such a bad thing like that?
They have NO PLAN TO REVIVE THE MIDDLE CLASS CONSUMER/EMPLOYEE.
The government keeps playing red on the roulette wheel.