Is America Shovel Ready?

Check out the accompanying pdf and chart collection. (1) Obama’s insight: Shovel-ready projects don’t exist. (2) Biden needs construction workers for his BBB infrastructure projects. (3) The difference between “shovel ready” and “shovel worthy.” (4) Meet Mitch Landrieu, the new infrastructure czar. Wish him luck. (5) A dismal history of big infrastructure spending. (6) Construction costs are high. (7) Construction workers have plenty of work now. (8) Durable goods orders are booming, and shipments aren’t lagging far behind notwithstanding supply-chain issues. (9) Forward earnings of S&P 500 Industrials soaring along with orders. (10) IT equipment output is also booming.