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Welcome to the left side of a sinking box.
See Also:
CPI vs. GDP Deflator
Source Data:
St. Louis Fed: GDP
St. Louis Fed: Total Credit Market Debt Owed
St. Louis Fed: GDP Deflator
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
12 hours ago
9 comments:
I always loved that song. Now we're living the dream, lol. Sigh.
I like that song, too. It's funny you mentioned that. On TV a few days ago (history channel?), there was a special on the Great Lakes Storm of 1913.
Sunk 19 ships and killed 250. Yikes! The E. Fitzgerald song disturbs me a lot more now than when I listened to it in the 70s. Drowning in freezing water sounds like a terrible way to go.
My wife and I visited Superior in the mid-90s in the summer. Even then, the water was freezing, the shores were rocky -- big rocks -- and we were attacked by biting flies. Not our best vacation.
Mr Slippery,
Gordon Lightfoot has all the greatest hits of this economy.
Sundown (1974)
Sometimes I think it's a sin
When I feel like I'm winnin' when I'm losin' again
With equal effectiveness you could have titled that chart "The Coriolis Effect of a Flushing Economy"!
Backtracking recent history it is striking that we were at -%5 RGDP just 2.5 years ago!
Fritz_O,
Awesome alternate chart title!
As an added bonus, they do say our economy has "turned" the corner. I say that theory is for the Byrds. We've been turning since 2000. An object in motion tends to stay in motion, lol. Sigh.
"...our economy has 'turned' the corner."
Would that be the same corner that prosperity is just around?
Fritz_O,
Our prosperity is turning circles.
True story:
When I was in high school I saw JP in concert. Several years later my university graduation ceremony was held in the same auditorium.
I was handed my Comp. Sci. degree by the university president in very nearly the exact same spot where Rob Halford was once "Screaming for Vengence"!
Crazy world isn't it?
Fritz_O,
It is a crazy world!
I also saw JP in concert, only I saw them in college.
I was right up close. In hindsight, perhaps too close to the speakers.
I was in the parking lot after the show attempting to start my car. It wouldn't, or so I thought. It actually did start, I just couldn't hear it.
Once I figured that part out, the car started shaking side to side. A new mystery appeared.
Turns out a friend from high school spotted me and was pounding on my driver side window to get my attention.
My world was totally rocked that night, lol.
True story!!
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