February construction spending was quite a bit weaker than expected, and, coupled with a downward revision to January figures, the uptrend that was emerging a month ago now looks less clear. I continue to believe, however, that we have seen the worst of the news for this sector and that conditions will gradually improve over the course of the year.
The Fed needs to get far more aggressive in promoting growth.
ReplyDeleteWould some boom times kill us?
continue to believe based on what? don't you ever tire of cheerleading just for itself?
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