The Construction Example

By |2017-10-03T12:04:26-04:00October 3rd, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Construction spending rose slightly in August after two months of serious declines. At a seasonally-adjusted annual rate of $1.22 trillion, that’s slightly less than the estimate for November 2016 when “reflation” (sentiment) was at its apex. It’s a pattern that we see repeated throughout the economic accounts; some growth in the second half of last year but then instead of [...]