Spreading the truth. Empowering the people.
Bailouts, please! By Nick Corbishley, for WOLF STREET: Australia’s construction industry, which accounts for 13% of Australia’s GDP and one in ten jobs, is unsustainable and on the brink of collapse, according … Read more
by WARREN MOSLER Another one of those brief moves up after the long slide seems to be reversing: The ISM Manufacturing PMI for the US declined to 50.1 in February … Read more
Bernie Sanders – Open Borders – It would make everyone in America poorer… You think we should open the borders and bring in a lot of low wage workers? I’m … Read more
Jason Hopkins from The Daily Caller reports, The Trump administration announced that it is reallocating $3.8 billion in weapons programs to support construction of the U.S.-Mexico border wall, upsetting lawmakers … Read more
If your home isn’t carbon neutral, Elizabeth Warren might not let you build it. And if that means no new homes get built, she’s OK with that. In an appearance … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But consumers are doing their job, online. Freight shipment volume in the US by truck, rail, air, and barge of consumer and industrial goods but not … Read more
t.co/C65WHWAr9F Yep the story about it. So amazing how the Bidens got millions when they knew nothing about the businesses they got money for, from foreign countries. — Truthiswithn (@truthiswithn) … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects. After months of rumors and speculation amid apparently failed efforts … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The hangover after the tariff-front-run boom last year. Freight shipments by all modes of transportation – truck, rail, air, and barge – within the US fell … Read more
Arizona: Border wall construction begins in southern Arizona www.kold.com/2019/09/25/border-wall-construction-begins-southern-arizona/ Texas: Border Wall Construction Underway in Hidalgo Co. www.krgv.com/news/border-wall-construction-underway-in-hidalgo-co-/ AC
This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed. By Nick Corbishley, for WOLF STREET: The world’s seventh largest construction and services company (by sales), with subsidiaries around … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Only feeble signs of manufacturing returning to the US (you’ve got to build the plants first). Construction spending, an important part of the US economy, has … Read more
Don't look now, but US residential construction spending fell 11.16% year over year in May. pic.twitter.com/mQrKZNqqZa — Eric Basmajian (@EPBResearch) July 1, 2019 Total construction spending declined 2.30% year over … Read more
by WARREN MOSLER Global contraction in progress… 🙁 US construction spending
By David Stockman Total residential construction spending dropped 8.4% from a year ago, the sixth month in a row of year-over-year declines, to a seasonally adjusted annual rate of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But other construction segments are hot. Residential construction is starting to make folks nervous. Total residential construction spending – 99% is “private” rather than “public” spending … Read more