Relevant and even prescient commentary on news, politics and the economy.

August construction spending: strong nominal headline masks neutral real trend in the deep rear view mirror

 – by New Deal democrat The good news is, with the end of the government shutdown, economic data reporting resumed this morning. The bad news is, we are now in the latter part of November, and the construction spending report issued this morning was for all the way back in August. In fact, the last time […]