US Construction Spending Plunged In April

Tyler Durden's picture

If everything is so awesome (which the stock market alone is telling us it is), then why did US construction spending plunge 1.4% in April (worse than the weakest economists' expectations)?

So this is the 3rd worst drop in construction spending in 6 years...

The last time US construction spending plunged like this - global central banks unleashed a coordinated buyiung program to save the world.

This was lower than every one of the 41 estimates and missed expectations by 9 standard deviations...

"probably nothing"

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Bill of Rights's picture

Nothing printing more dollars can't fix. Funny isn't it eight years of greatness under the Democrat regime All was great.

chicken_goose's picture

It's the weather of course. But remember that it's only the weather if it's a bad number.

GUS100CORRINA's picture

US Construction Spending Plunged In April

My response: And who do we have to blame for this situation?? DEMOCRATS and RINOS. Everyone, and I mean everyone, keeps sabotaging President TRUMP's efforts to move America forward.

However, OBAMA just bought a 8.1 million dollar home in Washington DC.

Hal n back's picture

Remember Val Jarrett lives there too.

SpanishGoop's picture

How about constucting that wall ?

By US companies and not Mexican of course.

 

 

Ring_Of_Fire's picture

Lets get the DOOM started before it becomes apocalyptic DOOM by delaying..

poland spring's picture

Well misleading title....if you look at the 1st chart, everytime there is a big drop, it is followed by several months of green bars.  Plus it seems every year, it will have between 2-4 red bars.  Good chart porn though.

_RRR_'s picture

pst red bars mean different data but rising stawks

green has both rising

decentralisedscrutinizer's picture

 

Almost all the world’s economic and political problems revolve around the hegemony of a global corporate cartel, which is headquartered in the US because this is where their dominant military force resides. The US Constitution is therefore the “kingpin” of an all-inclusive global financial empire. These fictitious entities now own the USA and command its military infrastructure by virtue of the Federal Reserve Corporation, regulatory capture, MSM propaganda, and congressional lobbying.

 

 

 

The Founders had to fight a bloody Revolutionary War to win our right to incorporate as a nation – the USA. But then, for whatever reason, our Founders granted the greediest businessmen among them unrestricted corporate charters with enough potential capital & power to compete with the individual states, smaller sovereign nations, and eventually to buy out the USA itself. The only way The People can regain our sovereignty as a constitutional republic now is to severely curtail the privileges of any corporation doing business here. To remain sovereign we have to stop granting corporate charters to just any “suit” that comes along without fulfilling a defined social value in return. The "Divine Right Of Kings” should not apply to fictitious entities just because they are “Too Big To Fail”. We can't afford to privatize our Treasury to transnational banks anymore. Government must be held responsible only to the electorate, not fictitious entities; and banks must be held responsible to the government if we are ever to restore sanity, much less prosperity, to the world.

 

 

 

It was a loophole in our Constitution that allowed corporate charters to be so easily obtained that a swamp of corruption inevitably flooded our entire economic system. It is a swamp that can't be drained at this point because the Constitution doesn’t provide a drain. This 28th amendment is intended to install that drain so Congress can pull the plug ASAP. As a matter of political practicality we must rely on the Article 5 option to do this, for which the electorate will need overwhelming consensus beforehand. Seriously; an Article 5 Constitutional Convention is rapidly becoming our only sensible option.

 

This is what I think it will take to save the world; and nobody gets hurt: 28th Amendment

 

 

 

Corporations are not persons in any sense of the word and shall be granted only those rights and privileges that Congress deems necessary for the well-being of the People. Congress shall provide legislation defining the terms and conditions of corporate charters according to their purpose; which shall include, but are not limited to:

 

1, prohibitions against any corporation;

 

a, owning another corporation,

 

b, becoming economically indispensable or monopolistic, or

 

c, otherwise distorting the general economy;

 

2, prohibitions against any form of interference in the affairs of;

 

a, government,

 

b, education,

 

c, news media, or

 

d, healthcare, and

 

3, provisions for;

 

a, the auditing of standardized, current, and transparent account books, and

 

b, the establishment of a state and municipal-owned banking system

 

c, civil and criminal penalties to be suffered by corporate executives for violation of the terms of a corporate charter.

    

Drater's picture

Why the need to copy and paste this for every article? Go away loser

E.F. Mutton's picture

Because after 8 years of blistering construction and marvelous economic expansion under Emperor Obama (PBUH), the workers are tired and just need a little rest.  That is all - you may resume grazing.

Forward Comrades!

Haitian Snackout's picture

Well doctor builder, what have we got here, a house or a home? " I give you a tax sinkhole, if you can keep it".

J bones's picture

Waiting to build to see what the new tax cut has in store?

24Richie's picture

The previous month was revised from -0.2% to +1.1% making the April data of -1.4% a bit less horrible.

breaktwister's picture

Copper futures rise on this news wdf?