More lousy data emerges after government shutdown construction spending wolf street 9gag

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In terms of dollars, private residential construction is forming a peculiar pattern: An epic construction boom during Housing Bubble 1, an epic construction bust during Housing Bust 1, and a construction boom during Housing Bubble 2 that is now losing its grip. In December, private residential construction spending, at $537 electricity quizlet billion seasonally adjusted annual rate, while down from December a year earlier, was more than double the range during the 3-year span between 2009 and 2012, but remains below ag gaston funeral home birmingham al the crazy peak in 2005 (December 2005 $671 billion):

Private non-residential construction – office buildings, warehouses, hospitals, manufacturing facilities, etc., but not including projects for oil-and-gas drilling – rose 3.8% compared to December 2017. But December 2017 is an easy comparison: that month, spending had dropped 3.5% year over year. Compared to December 2016, spending in December 2018 was about flat, stagnating at $454 billion seasonally adjusted annual rate:

Public construction spending – including on the infamous US infrastructure such as highways and water-and-sewer systems – rose 4.2% year-over-year in December (not seasonally adjusted). But gas in oil lawn mower in dollar terms, it has not gone anywhere in 10 years, after peaking in March 2009. December’s spending at $301 billion seasonally adjusted annual rate was back where it had first been in March 2008:

This report on December construction spending was another in a series of reports for late last year that had been delayed due to the gas x strips side effects government shutdown, and that showed, when they were finally released, an economy whose growth was slowing toward the end of the year, with some actual year-over-year declines cropping up, such as in residential construction.

For the markets, the government shutdown, and the accompanying blackout of economic data, was precisely what was needed gas vs electric oven efficiency the most to sustain the blistering rally in January and February. But this data is now trickling out. And it is putting together the uninspiring image of an economy that is growing but at a considerably slower rate than earlier in 2018, and is right back in the range of where it had been in prior years despite the enormous dual stimulus of huge tax cuts and ballooning government rahal e gas card spending.

Wolf, i was going to comment on this, but your last paragraph was exactly what I wanted to comment. Trumpian economics does not work. Now our children will be saddled with this new regime of exponential unrestricted government debt growth. Social security and Medicare were already on the endangered list and the chopping block before all of this mess. I feel very bad and sorry for our children. It’s like watching an accident occur in slow motion, with one’s hands tied behind their back……What can we do?!

“For the markets gaston y astrid lima, the government shutdown, and the accompanying blackout of economic data, was precisely what was needed the most to sustain the blistering rally in January a gas has no volume and February. But this data is now trickling out. And it is putting together the uninspiring image of an economy that is growing but at a considerably slower rate than earlier in 2018, and is right back in the range of where it had been in prior years despite the enormous dual stimulus of huge tax cuts and ballooning government spending.”