[arete]

Like I said, the bad news just keeps rolling in:

Construction spending fell 2.2 percent in June, instead of the 0.2 percent rise economists expected. The May figure was revised to a 2 percent drop from the originally reported 0.7 percent dip.

Complete text of article here:

Weak and weaker

All that pro-duct-iv-ity just doesn't seem to be helping all that much.

Richard W.

[Tauzero]

You slacker you.

[LS]

We'll see. I stand on my predictions and analysis. Everything is long term.