Earlier this month the Census Bureau reported Private Construction Spending for May. It's an important report primarily on the commercial side because it gives us a look into the all important commercial development sector. Aggregate that with Core Capital Goods Orders, and we get a great picture of the state of business investment and business confidence.
Real Business Investment Is Bad News For Stocks
You need to login to view this content.
David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.