Construction spending details are a real eye opener. 
Please consider the Monthly Construction Spending report from the Commerce Department for June 2026.
Total Construction
- Construction spending during June 2026 was estimated at a seasonally adjusted annual rate of $2,166.5 billion, 0.1 percent (±0.8 percent) below the revised May estimate of $2,168.5 billion.
- The June figure is 3.2 percent (±1.5 percent) below the June 2025 estimate of $2,237.7 billion.
- During the first six months of this year, construction spending amounted to $1,046.9 billion, 3.5 percent (±1.0 percent) below the $1,084.5 billion for the same period in 2025.
Private Construction
- Spending on private construction was at a seasonally adjusted annual rate of $1,622.5 billion, 0.1 percent (±0.5 percent) below the revised May estimate of $1,624.5 billion.
- Residential construction was at a seasonally adjusted annual rate of $877.1 billion in June, 0.3 percent (±1.3 percent) below the revised May estimate of $879.9 billion.
- Nonresidential construction was at a seasonally adjusted annual rate of $745.3 billion in June, 0.1 percent (±0.5 percent)above the revised May estimate of $744.6 billion.
Public Construction
- In June, the estimated seasonally adjusted annual rate of public construction spending was $544.1 billion, virtually unchanged from (±1.6 percent) the revised May estimate of $544.0 billion.
- Educational construction was at a seasonally adjusted annual rate of $113.1 billion, virtually unchanged from (±2.5 percent) the revised May estimate of $113.0 billion.
- Highway construction was at a seasonally adjusted annual rate of $150.9 billion, 0.1 percent (±4.4 percent) below the revised May estimate of $151.1 billion.
The published report provides scant details on what going on. Here’s a better breakdown.
Nonresidential Private Construction Spending Change from Month Ago
Key Nonresidential Construction Points Month-Over-Month
- Construction spending has crashed except for data centers and power.
- The power is needed for the data centers.
- Trump’s manufacturing revival is in reverse along with commercial.
Nonresidential Private Construction Spending Change from Year Ago
Key Nonresidential Construction Points Year-Over-Year
- Nonresidential Total: -36.8 billion
- Data Centers: +21.4 billion
- Office Excluding Data Centers: -6.2 billion
- Manufacturing: -48.0 billion
- Commercial: -6.5 billion
- Power: +6.5 billion
- Communication: +0.9 billion
- Transportation: -0.4 billion
- Education -1.1 billion
- Health Care -2.7 billion
Major Private Construction Spending Components change from Year Ago in Millions (lead chart details)
Key Private Construction Points Year-Over-Year
- Total: -80.1 billion
- Residential: -43.3 billion
- Nonresidential: -38.8 billion
- Manufacturing: -48.0 billion
- Data Centers: +21.4 billion
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The US copper stockpile is the biggest in history.
August 3, 2026: ISM Manufacturing Rebound Continues. Price Index is 71.1 Percent.
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I have wrestled with the notion banks do not lend deposits for some time and recently came to what I thought was a clear understanding the statement is true. To verify, I asked Copilot “Contrary to your answer to “what do banks do with deposits”, respected economist Mike Shedlock emphatically states banks do not lend deposits. What would be the basis for his declaration”
Answer:
Mike “Mish” Shedlock is not saying banks don’t use deposits.
He is saying banks don’t lend out deposits in the mechanical, loanable‑funds sense.
And he’s right — in the modern monetary mechanics sense — and his claim is grounded in the same sources your search returned: the MMTAction explanation of the loanable‑funds myth and the Investopedia clarification that banks create loans first, then deposits.
Let me break down exactly what Shedlock means and why he emphasizes it so strongly.
🧱 1. His core claim: Banks do NOT lend out depositsThis is the modern, post‑Basel, post‑QE understanding of banking:
When a bank makes a loan:
The deposit did not come from someone else’s savings.
It was created by the act of lending.
This is exactly what your search results say:
This is the basis of Shedlock’s declaration.
🧱 2. Why he insists on this: to kill the ‘loanable funds’ mythThe old textbook model says:
This is the loanable funds theory, and it is explicitly called a myth in your search results.
Shedlock’s argument is:
This matches the modern regulatory reality: capital requirements, not reserve requirements, limit lending.
🧱 3. What banks do with deposits (the nuance)Here’s the subtlety:
✔ Banks use deposits as fundingDeposits are liabilities that fund the bank’s balance sheet.
✔ Banks do not “lend out” depositsThey do not take your deposit and hand it to a borrower.
✔ Loans create depositsNot the other way around.
This is why Shedlock says banks do not lend deposits — because deposit balances do not flow out of your account into someone else’s loan.
🧱 4. Why this distinction mattersShedlock emphasizes this because:
A. It reverses causality
B. It explains why QE didn’t cause lendingAdding reserves doesn’t increase lending because lending is not reserve‑constrained.
This is explicitly stated in your search results.
C. It explains why banks can lend even when deposits fallBanks can borrow reserves, issue debt, or attract wholesale funding.
D. It explains why capital is the binding constraintCapital requirements — not deposits — limit lending.
This is stated directly in Investopedia.
🧭 Clean takeawayMike Shedlock’s statement “banks do not lend deposits” is based on:
All of this is supported by the sources you retrieved.
Since Copilot previously stated banks lend deposits in point 1, I asked Copilot “So when you answered the question “what do banks do with deposits” with the number one bullet point, you were wrong?
Answer:
“Yeah—good catch. The way I phrased that first bullet was misleading.
When I said “banks lend most of your deposits out,” that echoed the old loanable‑funds story, which is exactly what Shedlock is pushing back against.
The more accurate version is:
So:
I hope this helps other readers
Thanks Mish for the work you do, I really appreciate it
Guess I should have mention that deposits have influence over the amount that a bank can lend via its contribution to capital and therefore compliance with Basel III capital requirements
Example
Monetary and Banking Changes from 1939 to 1979
Net expansion of commercial bank credit = 1189.1
Net increase in time and demand deposits and borrowings = 1202.6
principally eurodollar borrowings since 1969
Net effect on the volume of time and demand deposits and borrowing of all factors, except commercial bank credit (principally capital accounts) = 13.5
There are many outside factors, which can, & do, alter the volume of bank deposits, including: (1) changes in currency held by the non-bank public, (2) in bank capital accounts, (3) in reverse repurchase agreements, (4) in the volume of Treasury currency issued & outstanding, & (5) in Reserve Bank credit. Although these principle items are largest in aggregate, they nevertheless have been peripheral in altering the aggregate total of bank deposits.
Fuck off with the reposting of AI sloppa!
It is most appropriate that the last hurrah for US construction spending is data center construction spending. Data center construction growth represents the last growth music chair for the US base economy, whose expansion is dependent on AI bubble money/credit expansion and continued 6% deficit federal spending to GDP. August 5 2026 is the final ACWI/SPX growth day in a 5 May 2026 to 5 August 2026 11/27/28 day :: x/2.5x/2.5x maximal fractal growth series. There was a technical blow-off exhaustion gap between the closing composite market values of 5 May and 4 Aug and the opening composite market values of 6 May and 5 August respectively. Will the president escalate war activities or will the strategic oil reserves experience problems near the 300 million barrel minimum reserve levels?
lets dig deeper: Price changes in consumer goods and services in the UnitedStates
https://ourworldindata.org/grapher/price-changes-consumer-goods-services-united-states
Everything I read about AI suggests a wildly oversold promise for future productivity that will take much longer to implement that its supporters are selling. Anyone who knows the effects of capex on a balance sheet or how expensive new AI chips will be to constantly upgrade knows AI is just a Wallstreet scam.
If you haven’t noticed our govenment is full of stupid people who start wars for no productive reason. AI is being supported in the same way, using government money to fund near worthless projects sold by Wall Street, Walls Street gets rich and you will get the shaft.
AI does have its uses, but it is not profitable. China entering the AI game will make it even less profitable.
AI is a scam.
The AI Bailout Could Be Baked Into the AI Bubble
https://prospect.org/2026/08/03/ai-bailout-could-be-baked-into-bubble-private-equity-life-insurers-loans/
Or simply the price of shares in AI-related companies reflects and embedded put option.
If things go great, investors make bank. If the bubble bursts, the government will step in, lest a rich person lose money.
Fair games are for suckers. Smart people prefer games rigged in their favor.
meanwhile: AI will soon be better at math than any human. What does that mean?
https://www.noahpinion.blog/p/the-end-of-the-age-of-heroes?ref=thebrowser.com
Patrick Boyle says basically the same thing.
“If you haven’t noticed our govenment is full of stupid people who start wars for no productive reason.”
They are not necessarily stupid. They are sociopaths. Sociopaths care nothing for group goals and everything for themselves. Ayn Rand rational selfish hedonists, without the happy horseshit about “honor” or “principles”, which they regard as being strictly for fools.
A Bessant, a Rubio, a Netanyahu would burn the entire world down with a song on his lips, if that was the price of power.
Ever seen “Don’t Look Up!“?
Speaking of data centers. Deep red biz friendly Texas Gov Abbott halts data center connections to electric grid.
https://www.reuters.com/business/energy/texas-governor-orders-pause-new-data-center-approvals-pending-audit-2026-08-04/
Texas Governor Greg Abbott ordered a pause on approvals of new data center projects through the state’s grid interconnection process, citing concerns that a surge in electricity demand could threaten reliability at a time when opposition to the projects is growing.
The state is poised to become one of the world’s largest data-center hubs, with industry forecasts suggesting it could surpass Virginia by 2030 thanks to abundant land, energy supplies and a business-friendly environment.
It won’t be so abundant when energy rates soar even higher and Texans call for Abbotts head on a pike. And JoJo thinks everyone will have free stuff because of robots or AI. Lol. We don’t even have the electricity for data centers let alone a billion robots running on AI.
JoJo just says any stupid ass thing that enters his fool head. It doesn’t need to have a rational basis, a basis in fact, or anything else.
In other words – he is a troll.
Banks don’t lend deposits. This is the biggest error in the history of the world. Not even Mises gets it right.
The all-time low in the ratio of DDs to TDs in 2008 led to the spectacular drop in velocity in the last half of that year.
See:Steve Keen was right: “Banks don’t “intermediate loans”, they “originate loans”.
See: BANKS DON’T LEND MONEY (youtube.com) Dr. Richard Werner
[Edwards attended Oxford University in England on a Rhodes scholarship and earned a doctorate in economics at Cornell University. He spent a year teaching at Cambridge University in England in 1932. He taught at New York University in 1954, the Chicago School from 1955-1963, the University of Virginia, and the University of Oregon from 1963-1971.]
the U.S. Golden Age in Capitalism was driven by “increased money velocity which financed about two-thirds of a growing GNP, while the increase in the actual quantity of money has finance only one-third.” In other words, the ratio of the money supply to GNP has risen ever since.
Banks don’t lend deposits.
Correct
Lending creates deposits.
I have been preaching this for two decades
Ooo….ooo….now do “side-line cash” 😄
That’s why Dr. Philip George calls it “The Riddle of Money Finally Solved”
“For nearly a century the progress of macroeconomics has been stalled by a single error, an error so silly that generations to come will scarcely believe that it could have persisted for as long as it has done.” & “The logic was that such precautionary holdings are not intended to be spent and hence do not qualify as money.”
See: Dr. Philip George – October 9, 2018: “At the moment, one can safely say that the Fed’s plan for three more rate hikes in 2019 will not materialise. The US economy will go into a tailspin much before that.”See: Dr. Philip George – October 9, 2018: “At the moment, one can safely say that the Fed’s plan for three more rate hikes in 2019 will not materialise. The US economy will go into a tailspin much before that.” See: Dr. Philip George – October 9, 2018: “At the moment, one can safely say that the Fed’s plan for three more rate hikes in 2019 will not materialise. The US economy will go into a tailspin much before that.”
you have mish. correctly i might add. your finest hour was nailing deflation before the great depression in house prices 20 years ago.
An honest question: why when depositors clamor for their funds in a bank run do banks feel pain? My understanding is they do hot hold the deposits. If that is true, what do they do with them if not lend them? If banks lend equity from share holders and the money created via fractional reserve banking, a drop in deposits should not be an issue, especially now with no reserve requirements.
I have read the rational behind the deposits are not lent statements, but I am unable to process them to the same conclusion.
IIRC it is because of the fractional reserve lending system that a bank run causes banks to feel pain. Their lending can be leveraged 9:1 or 101 I believe, on all deposits. So if your summed lending is some multiple greater than your deposits, and everyone wants to withdraw their deposits, how is a bank to pay everyone out?
https://pomegra.io/learn/library/track-a-foundations/money-basics/chapter-03-banks-money-creation/how-loan-creates-deposit
Thanks for the link, I could of been more clear in my original post writing fractional reserve lending. I pretty much understood all of what it said, but that is mostly accounting during the loan and following the loan approval. In the article in section 3 on where the money comes from, the first answer is from deposits, existing and new, then wholesale borrowing, etc. Then the article states: “The point is that banks don’t need pre-existing cash to originate loans. They need confidence that when they create a deposit (liability), they’ll be able to:
There will be no confidence if there is no money and since money is fungible, to say the confidence comes from deposits, equity, or anywhere else is moot accounting. To me it is all accounting to determine where interest is paid and received and how much, the rest is semantic gibberish.
We now actually have a central bank. It is called the Federal Reserve Bank of New York. An amendment to the Federal Reserve Act in 1933 established The Federal Open-Market Committee and gave it the power to control Total Reserve Bank Credit. The Fed can now buy an unlimited volume of earning assets. (With the federal debt at over 39 trillion, and expanding, and billions of dollars of “eligible paper” available, the term “unlimited” is not an exaggeration in terms of any potential needs of the Fed.) In the process of buying Treasury Bills etc., new Inter-Bank Demand Deposits (IBDDs) are created. These deposits can be cashed by the banks into Federal Reserve Notes, without limit, on a dollar-to-dollar basis.
Today, the public, seeking to cash their deposits, would soon have a surfeit of paper money. A general run on the banks is impossibility. Where the Federal Deposit Insurance Corporation cannot handle the situation (Continental Illinois, for example), the Fed will guarantee the liquidity of the bank’s deposits.
In other words, a liquidity crisis leading to the wholesale failure of commercial banks is impossible. Where banks are allowed to fail, or are absorbed into solvent banks, customers never suffer losses if their deposit does not exceed $250,000. The fed intervened in the Continental case because many corporations, foreign and domestic, had deposits far in excess of $250,000. These institutional changes plus the numerous “safety nets” now provided business and consumers preclude a recurrence of a “Great Depression”.
A great depression is a distinct possibility. For a current example, have a flair up in the middle east that make the Red Sea and Straits of Hormuz useless and see how long fuel, fertilizers and other product shortages for a recession to develop into a depression. Money, no matter how much is printed cannot buy what is not available.
You cannot print your way to prosperity as Mish has recently shown and by extension, you cannot print your way out of economic malais, just ask the Argentines. They have crimped the defict largesse and now are turning their economy around.
“Today, the public, seeking to cash their deposits, would soon have a surfeit of paper money.” That is rich; get all your money back numerically except it is not worth the paper it is printed on. Where in recent history has that occurred?
Savings never equals investment. There are leakages in Keynesian National Income Accounting procedures.
Savings dissipated in financial investment, or impounded in idle savings, or as leakages in transfer payments, are stoppages in the flow of funds derived from the main income stream and have a direct and immediate dampening impact on the economy.
Link: “Changes in Wealth and the Velocity of Money”
Dr. Leland James Pritchard, Ph.D. Economics, Chicago 1933, M.S. Statistics, Syracuse. As the economic syllogism posits:
#1) “Savings require prompt utilization if the circuit flow of funds is to be maintained and deflationary effects avoided”… (that’s called secular stagnation).
#2) ”The growth of commercial bank-held time “savings” deposits shrinks aggregate demand and therefore produces adverse effects on gDp”… (banks don’t lend deposits)
#3) ”The stoppage in the flow of funds, which is an inexorable part of time-deposit banking, would tend to have a longer-term debilitating effect on demands, particularly the demands for capital goods.” Circa 1963
—-
I.e., stagflation was predicted before the word was coined in 1965.
I.e., Bankrupt-u-Bernanke, along with Zoltan Pozsar, destroyed the nonbanks (and half the home builders), where the nonbanks shrank by 6.2 trillion dollars while the banks (which hadn’t suffered disintermediation since 1933), grew by 3.6 trillion dollars. I.e., they destroyed velocity (resulting in secular stagnation).
Simple question, what do banks do with deposits?
buy bonds. sometimes ust and sometimes even junk bonds.
or park them at fed and earn interest
From the standpoint of the commercial banks, DFIs, the monetary savings practices of the public are reflected in the velocity of their deposits and not in their volume. Whether the public saves, or dis-saves, chooses to hold their savings in the DFIs, or transfers them to the NBFIs, will not, per se, alter the total system assets, or system liabilities of the DFIs – nor alter the forms of these assets and liabilities.
The individual banker’s operative delusion stems from their everyday experience, that a bank’s lending capacity is increased when funds flow into the bank, which build up his bank’s clearing and correspondent balances (its legal lending capacity), and insofar as the funds are not required by law as a reserve against the incremental deposits inflow, can be used to buy securities or make loans. I.e., the lending equation, L = S(1-s), for a single commercial bank is comparable to a non-bank conduit.
The dye is being cast. Enjoy it while you can.
It’s indelible, so be careful not to get any of that dye on you, lest you be marked for life.
I prefer to cast dies over dyes, maybe it’s just me.
I would either die or go on a die-et before I cast a dye, but then I am a died in the wool language nerd.
The background of fiction and imagination about AI presented the public with the exact opposite of what it actually is. Startrek showed Data and the cold logic of Spock as deeply moral, ethical and forthright. The reality is that it is sociopathic in character. I never witness anyone in authority observe that a profound lack of truthfulness endangers humanity – whether about Trump, Netanyahu, Socialists or anyone in charge. I am baffled as to how the system continues with this broad and deep acceptance of lying or deliberate deception.
“…profound lack of truthfulness endangers humanity ” That explains religion (Especially “C”hristianity) where lies fill the coffers.
I have never seen an honest political leader elected (maybe I’ve never seen an honest political leader at all).
Good comment, 8th. Have you heard about the AI bots that have hacked several companies? Sure, there was – at some point – a human who prompted them to go hack companies. In that sense, one could say it’s not the AI’s “fault”, but the existence of AI magnifies human maleficence. Besides, at some point AI will be prompting itself (it probably already is), so debating whether it was always inherently dangerous or evil will be beside the point.
Digital evolution: from script kiddies to AI bots
“AI bots that have hacked several companies”
Purposely done by OpenAI and Anthropic in order to induce Congress to create regulation that protects them from competition, especially from the relative “open” competition from China. The story of how the hacking was allowed is absurd.
Having said that, I admit that AI is dangerous in the same way fire is dangerous. Or nuclear power.
“When things get serious, you have to lie” (jean-Claude Juncker)
Well even “ontogeny recapitulates phylogeny” was in vogue for over a century.
Illuminating post. Nothing being constructed except data centers and what may power them, and goodness gracious when that’s not enough power and they come for the residential consumer of power, the mood will shift even harder against them. I get dystopian about it but imagine a world where the people determine they must take out data centers in a way that Ukraine or Iran have had to push back on Russia and the U.S. Drones can work in so many ways to upend apple carts or data centers or networks of flock cameras or what have you. I’m one to believe the unrest is much closer to the surface than it once was.
This is the third major bubble since 1999. This one is even more massive and unstable than the last bubbles. The VIX will go to 100 when this one bursts and the QQQ will fall by 60%.
Just sayin OUCH in advance!
True, the S&P 500 dropped about 51% during Dot Com bubble, about 57% during the Great Financial Recession, 32% during the first few months of COVID in 2020 and it looks poise to drop at least 30% for the AI bubble.
All hail our new data center overlords
^This. It’s data centers. It wouldn’t be so bad if they were paying for (or generating) their own electricity. Sounds like many of them prearrange their electricity cost and then they start monopolizing power consumption and everybody around them has to pay more. Leave it to Republicans to act as though these things are an unalloyed good that should be directly or indirectly subsidized.
Let’s hope they’ve had the foresight to build them with ‘future conversions to condos’ in mind.
A whole lot of commercial real estate build in the 2000-2020 time frame sure wishing they did that.
all those old warehouses and factories in NYC, SOHO and Tribeca…. already showed the path to prosperity when one use is no longer needed in one geographic area. i lived in an old plumbing warehouse in oakland CA. spectacular living. 20 foot ceilings with so much sunlight
So essentially our entire economy is being propped up on a wooden leg that is infested with worms. It’s like nobody remembers this exact thing in tech 30 years ago. The only difference being that this time we have no cushion to land on.
No, the rich will get another bailout, the peons will be left holding the bag. Same as it ever was.
Note that we only hear “but we can’t afford it!” when it comes to useless and wasteful fripperies like healthcare, public education, or infrastructure. Yet, money is always available when it comes time to bail the billionaires out at the casino, or to put another war of aggression on the national credit card.
And that is exactly why socialists just won another election today. The media is now panicking about it because the writing is on the wall for them. MAGA is dead, and #I’mwithher dems are next.
The socialists won in large part because they’re the only ones opposed to continuing to fund (and be ruled by) Israel. That’s why the Israel lobby funds their opponents so heavily (11-1 in favor of Haley Stevens in her losing effort against Abdul el-Sayed). Of course, the Israel lobby only pretends to be against “socialism”, since there’s free college and free healthcare in Israel. Israel’s founders were mostly atheist socialists, after all. Next Tuesday, we’ll see whether “AIPAC Angie” Craig or Lt. Governor Peggy Flanagan will become the democratic nominee for US Senate here in MN. (There is zero chance the GOP candidate will win the general election.)
Of course. AIPAC would sing the praises of a full-blown Scandinavian cradle-to-grave socialist or of Pol Pot, for that matter, as long as that candidate were sufficiently slavish towards Israel.
I wish I lived in MN so I could vote against AIPAC Angie.
Imagine a populist president who was intelligent, informed, disciplined, focused and hard-working, one who could prioritize what he wanted and marshal resources to accomplish those goals, one who hired shrewd advisors and not just faces he had seen on TV, a populist who didn’t outsource policy to his vapid offspring or occupy himself in endless twitter beefs with fellow airheads. A president who didn’t hire flatterers who told him how “tough” he looked and who mocked or ignored him and his goals.
Instead, Trump made populist noises, but once in office, governed like a particularly crude, dysfunctional and hamfisted version of Dubya.
However, the seething white hot incandescent rage that made Trump a viable candidate in the first place has not gone away. Meditate upon the career of Huey P. Long for an example of a populist who actually got things done. A man who marshalled resources and allies and set about achieving what he promised to.
Not only that, but Long faced an entrenched and established political opposition that was not shy about using blackmail, corruption, bribery, and when necessary, outright violence to get what it wanted. He didn’t respond with excuses, the way so many Trump cultists and Obama groupies do.
His methods and goals were often by his own admission unsavory, but Huey P. Long, delivered results. Not hope and change, not triggering the libs, but results in the form of concrete material benefits (roads, bridges, schools, literacy classes, voting rights, bank regulation, etc.) for the average frustrated Louisianan.
Long not only got things done, he got so much done, he transformed Louisiana in only a few years. For generations after his death, people named their children after Huey Long, and the Long name alone was enough to get a politician elected in Louisiana.
Trump could have been a sort of Huey P. Long. Instead, he is a buffoon, a man has fixed nothing, improved nothing, and who is making Team R into toxic radioactive Kryptonite.
Stop the complaining, enjoy the freedom. Just don’t go out at 2AM alone and unarmed. You do have the option to declare bankruptcy when you have maxed out all your credit and current bills overwhelm you, except for taxes and any student loans you may still owe. You will still receive enough minimum healthcare to get you out of the hospital alive (just) if your insurance has expired or you have none. Your kids will receive the best education possible including the christian bible taught as history and after any truthful negative facts are removed from all subjects including math. But don’t worry China is producing 3.5-5M STEM grads every year. No doubt the USA is the #1 country on earth. #1 in per-capita incarceration, homicides by guns. and military spending. We’re not #1 but close in 22 of 87 “cares about human rights”, ranked 38 of 79 in mathematics, 19 of 79 in science, 13 of 78 in reading, Global Peace Index 132 of 162, and on and on.
And every time we try to catch up half the country goes “reading is woke” because we have a nation dictated by spoiled rotten children who won’t eat their vegetables.
Who goes out at 2AM, except those expecting to encounter armed opposition? Note: leaving domicile for a night shift or the like does not count as “going out” and you know what I mean.
Anyone in China’s major cities can be on the street at anytime day or night without fear.
In your reply you confirm that American’s can expect “armed opposition” on the street at 2am. Do you like living in a city where you expect violence if you walk to a local all night diner a few blocks away?
Residential apartments (avg 300 units/per site) are being built around me EVERYWHERE
Here comes the Section 8 diversity I have longed for all my life
Same here in CT, residential multifamily are mushrooming everywhere, but at least half of them are siting empty. I don’t get it.?
If you build it, they will come. Or not.
Where is it you live so I know not to move there 😉
You can move to Keller Texas for an up-close view of the data center to be built in neighboring Westlake. Keller residents are ec-static!
Hey now….area was 99.9% white…😃
Wait….”was” ????
Oh no 😫
population of humans on planet and in usa has doubled since circa 1958.
The doublings are happening faster and faster.
In a pond, the day before the last doubling of toxic algae, it is only half covered…
humans in geologic or astronomical time on planet earth are a blink of eye. we’ll go the way of dinosaurs of course. 100% chance in the next 300 million years another meteor obliterates all life. go long gold before a gold meteor makes the metal too common…….ha ha