I think I may start a new category for unexpected good news. The economy, consumer spending, how well a president gets along with another head of state…
Just today, Bloomberg.com has a new one; Construction Spending in the U.S. Unexpectedly Rose. Read the entire article for the bad news that seems to overcome the good news. My emphasis added below.
Jan. 2 (Bloomberg) — Spending on U.S. construction projects unexpectedly rose in November as work on schools, power plants and factories helped overcome cutbacks in homebuilding.
The 0.1 percent increase followed a 0.4 percent drop the prior month that was smaller than previously reported, the Commerce Department said today in Washington.
The report showed private homebuilding fell by the most in more than five years, a sign the glut of unsold properties will delay a housing recovery until at least mid-2008. Commercial and government projects showed gains that help ease concern that economic growth stalled last quarter, economists said.
So now I wonder if bad news is ever reported as unexpected in the mainstream media?