Non-Residential Construction Spending Declines

Submitted by
CalculatedRisk on Wed, 10/01/2008 - 6:00am (31 comments)
in
Nemo wrote on Wed, 10/1/2008 - 6:18 am

Amazed it took you so long to start following the CRE story.

Ignoramus wrote on Wed, 10/1/2008 - 6:18 am

An interesting poll :

CNBC Poll: Have You Had Trouble Getting Credit?

CNBC Poll: Have You Had Trouble Getting Credit? - CNBC

safe_as_apartments wrote on Wed, 10/1/2008 - 6:19 am

Is that a joke, nemo? Probably.

Anyway, CR has been well ahead of the curve on the CRE bust.

Walker Texas Danger wrote on Wed, 10/1/2008 - 6:20 am

Did the sucker go down yet?

Nemo wrote on Wed, 10/1/2008 - 6:21 am

Yeah that was a weak attempt at humor in the morning.

Maybe the TARP can buy whole shopping malls. It would be fun to shop at J.C. Paulson, dine at T.G.I. Paulson's, take the kids to Chuck E. Paulson's...

sbarrkum wrote on Wed, 10/1/2008 - 6:22 am

safe_as_apartments | 10.01.08 - 10:24 am | #
Anyway, CR has been well ahead of the curve on the CRE bust.

Really, I have my doubts.

 

safe_as_apartments wrote on Wed, 10/1/2008 - 6:23 am

Gah! Check out the new orders on the ISM survey: 38.8!

My head hurts. It confirms the "nuclear winter" stories I've been hearing from private sources.

One Dope Dope wrote on Wed, 10/1/2008 - 6:26 am

Oh thank gawd! CNBC says public sentiment has changed. We are now overwhelmingly in favor of the bailout. Woohoo!

Nemo wrote on Wed, 10/1/2008 - 6:27 am

Weekly Commercial Paper Release  is out.

Wowzers.

Ignoramus wrote on Wed, 10/1/2008 - 6:28 am

U.S. Factories Contracted at Faster Pace in September
U.S. Factories Contracted at Faster Pace in September (Update2) - Bloomberg.com

The Institute for Supply Management's factory index dropped to 43.5, the lowest since October 2001, from 49.9 in August, the Tempe, Arizona-based group reported today. A reading of 50 is the dividing line between expansion and contraction.

Interesting Times wrote on Wed, 10/1/2008 - 6:28 am

Why is it that almost no news agency is reporting that the $700 B bailout is a rolling line of credit??

a) They do not understand the bill
b) They being mislead by their "talking points"
c) They have no respect for the truth
d) all of the above

This is not a $700B bailout, it is an $NaN bailout.

Anonymous wrote on Wed, 10/1/2008 - 6:29 am

This validates the fact that the financial system must be rescued. CRE developers want to build more but are being stymied by lack of lending.

Name wrote on Wed, 10/1/2008 - 6:30 am

How can anybody trust CNBC for news?

I hate conspiracy theories. This is not a conspiracy theory. CNBC is a political organization that is in no way trying to dupe or fool anybody about it. They are on a side.

Anonymous wrote on Wed, 10/1/2008 - 6:31 am

I hate conspiracy theories. This is not a conspiracy theory. CNBC is a political organization

That's why I watch Fox. Fair and balanced

JS wrote on Wed, 10/1/2008 - 6:33 am

That's whay America is so great: choice! You can choose Fox or CNBC.

(Or blogs if you want the truth.)

tg wrote on Wed, 10/1/2008 - 6:33 am

Lot of don't sell your stocks now stories. (We have'nt got out yet) on CNBC

One Dope Dope wrote on Wed, 10/1/2008 - 6:35 am

Why are they hammering the FDIC limit increase? I only have $86.29 in my checking account!!!!

anon wrote on Wed, 10/1/2008 - 6:38 am

"It would be fun to shop at J.C. Paulson, dine at T.G.I. Paulson's, take the kids to Chuck E. Paulson's..."

that made my morning.

godhatesfangs wrote on Wed, 10/1/2008 - 6:38 am

Bloomberg tv may allow too many used stock salesman to ply their wares but the newsreaders seem oldschool not screaming propagandists.

Comrade Misean wrote on Wed, 10/1/2008 - 6:40 am

Comrade Interesting Times,

"This is not a $700B bailout, it is an $NaN bailout."

DING DING DING! We have a winner.

Nostrovia,

Builder Bob wrote on Wed, 10/1/2008 - 6:41 am

Someone remind me, does the short ban expire today or tomorrow?

Comrade Misean wrote on Wed, 10/1/2008 - 6:41 am

Comrade godhatesfangs,

I prefer BloomTV too.

Nostrovia,

Comrade Misean wrote on Wed, 10/1/2008 - 6:43 am

Comrade Builder Bob,

10-2

Nostrovia,

asl hearts lenin wrote on Wed, 10/1/2008 - 6:53 am

I hate conspiracy theories. This is not a conspiracy theory.

Right. Just follow the advertising dollars. Easy.

IM wrote on Wed, 10/1/2008 - 6:57 am

The data confirm your predictions and tell us about how well do you qualify as an expert. Much better than many other "experts" cited in the media.

Chapeau!

Excellent job as usual.

nades wrote on Wed, 10/1/2008 - 6:59 am

I work for a GC in San Diego. We've been slow now for 6 months. All of upper management thinks the rebound is right around the corner.

I have my doubts.

......

fried wrote on Wed, 10/1/2008 - 7:05 am

Failed Deals Replace Boom in NYC Real Estate...
headline story NYTimes this morning.

Failed Deals Replace Real Estate Boom - NY Times

PeakVT wrote on Wed, 10/1/2008 - 7:06 am

Wowzers.
Nemo | Homepage | 10.01.08 - 10:32 am | #

I haven't seen this report before. What is it telling me?

Anonymous wrote on Wed, 10/1/2008 - 7:31 am

"Why is it that almost no news agency is reporting that the $700 B bailout is a rolling line of credit??"

Awhhh crap, do I have to read the latest version? Because the original didn't roll.

dby wrote on Wed, 10/1/2008 - 8:12 am

Nemo at 10:32am writes:
Weekly Commercial Paper Release is out.

Wowzers.

Nemo,
Thanks for link
If the changes in outstanding CP the last 10 days becomes trend rather than blip,....ugly ugly

It looks like the data is fitting with the emerging anecdotes on bloomberg etc... on nonfinancial firms credit access difficulties.

Your postings much appreciated

12th percentile wrote on Wed, 10/1/2008 - 8:43 am

I'm on my 2nd margarita but chuck e paulsons made me laugh out loud.

nice work.

I'm pretty happy with my srs position and will be adding more when they pass the gift to the rich thingy.

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