Keepermom2
GOLD
Also....I did not get the chart of spending from a google search. I received links to various sites from a contact I have in the Government. These are however public sources of information that can be obtained by many people. Looking at consumer spending is "plainly ridiculous"? LOL What is the ultimate driver of the economy? I am in the same meetings you refer to and what is basically said by everyone is who are building projections is they don't really have a solid base to rely on for future projections since there are so many unknowns.
Since you refer to construction, surely you know there has been no decline in housing prices in Orange County and in fact there has been a rise in value since same time last year.
There are many factors that are in play right now. Funny how you can say with certainty you know what is going on when the real business people that have to disclose that information in their filings to the public cannot say that and are not saying that. They are saying there are many unknowns.
How about that one segment market article you posted...Non residential construction. Do you know why that market is going to be down for years to come? Because there is a change in how business will be done because people do not have to be in a building to do business and COVID has shown that. As I said....how we do business is changing and will hurt us in the short run but benefit us in the long run.