Stephen Nostrand's Page

I don't want to sound like an economist or a stuffy academic but here are some new numbers that just came out today that do not bode well for the economy. It's the first time in a while that non residential contruction dropped as hard as it did. Spending year over year Jan was down 1.2%. This indicator typically lags housing so they say we can expect more decreases. That's quite distressing and will lead to a further downtun in the economy.