US Construction Spending Plunged In April

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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