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Source Data:
St. Louis Fed: Custom Chart
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...
16 hours ago
11 comments:
It's... it's almost as if there's two economies. One where all the wealth accumulates and one where all the work is done.
Rob Dawg,
As a gamer, I tend to see it as an arcade video game.
Once a player reaches a billion dollars all they are trying to do is get the top score.
It's really hard for me to imagine that there would be another reason.
Put another way, is a two-billionaire really twice as well off as a one-billionaire, if not for the bragging rights?
Sigh.
I would cost me at least $98.1b to construct a space elevator.
When the book Jurassic Park came out, I was thinking "Damn, if I had billions of dollars I could create dinosaurs!".
http://research.stlouisfed.org/fred2/graph/?g=cXU
is my favorite FRED graph (non-financial debt / GDP)
http://research.stlouisfed.org/fred2/graph/?g=cYx (corporate profits) explode coming out of the dotcom recession.
globalization, a yielding Fed, and the tax cuts were a helluva drug I guess.
M2 isn't necessarily the Fed printing, it's also how many times a dollar has been "saved" & lent out again.
Rob Dawg,
Let's get that price down. Pay lobbyists a few hundred million to get your space elevator subsidized?
TJandTheBear,
I've heard some suggest that hurricanes help the economy (rebuilding puts people back to work).
Just think what dinosaurs could do!
Troy,
The more we spend the more we save!
The more we lend the more we save!
The more we pretend the more we save!
There seems to be an ominous "end" pattern here.
"It's The End of The World As We Know It..."
nanute,
It's a mad world.
I find it kind of funny.
I find it kind of sad.
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