Spreading the truth. Empowering the people.
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
by WARREN MOSLER Dismal: Highlights The purchase index is down a sharp 4.0 percent for a second straight week, this time for the April 26 week. Year-on-year, the index is … Read more
Democrats want to undo America. They hate this country. h/t Jwnlwplus4
by WARREN MOSLER Not looking good: Not looking good: In contraction: South Korea March exports contract for fourth month (Reuters) Overseas sales slid 8.2 percent in annual terms in March. … Read more
by WARREN MOSLER Gone negative year over year adjusted for inflation: This series looks to me like it’s flattened and adjusted for inflation remains well below 2008 highs, and … Read more
by confoundedinterest Today is a double whammy for bad news for the US economy. First, The Census Bureau monthly construction spending report reveals that highway and street spending rose 11.7% in … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data. OK, it looks like GDP growth, released last week for the … Read more
by WARREN MOSLER Bad. All sectors decelerating and residential looking down year over year: U.S. auto sales tumbled 2.8 percent in February (Detroit News) Overall sales for the month … Read more
by visualcapitalist Ever since the first towering spires broke through the clouds in New York and Chicago, skyscrapers have remained a potent symbol of economic might. The tallest buildings require vast … Read more