donderdag 1 juni 2017

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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