Friday, December 28, 2012

Trend Channel of the Day (Musical Tribute)

Here's a chart of new private housing units authorized by building permits divided by the number of civilians employed.


Click to enlarge.

As seen in the chart, we're currently attempting to recreate the prosperity of the 1990s!



If you think I'll sit around as the world goes by
You're thinkin' like a fool cause it's a case of do or die
Out there is a fortune waitin' to be had
You think I'll let it go you're mad
You've got another thing comin'

Source Data:
St. Louis Fed: Custom Chart

7 comments:

Stagflationary Mark said...

If we build them, they will come.

I'm speaking of robots of course.

Some jobs are still beyond the reach of automation: construction jobs that require workers to move in unpredictable settings and perform different tasks that are not repetitive; assembly work that requires tactile feedback like placing fiberglass panels inside airplanes, boats or cars; and assembly jobs where only a limited quantity of products are made or where there are many versions of each product, requiring expensive reprogramming of robots.

But that list is growing shorter.

Watchtower said...

"Is that a bandit spooning a robot?"

Scooter


Mark, I found out that one day robots won't exist for just building stuff...

Fritz_O said...

Out there is a fortune waitin' to be had
You think I'll let it go you're mad
You've got another thing comin'


Can't we just book all the profits from todays home sales when we apply for the building permits? Wait a minute, that sounds familiar:


Hotel Kenneth LAYA

(sung to the tune of Hotel California)


So I called up the partner

I said " Please book this entry"

He said," We haven't had a debit here since 1993"

And still the gurus are calling from far away

Worry worry in the middle of the night

Just to hear them say

Welcome to the

Hotel Mark-to-Market

such a lovely face

such a fragile place

They liven it' up at the Hotel Cram-it-DownYa

When the suits arrive bring your alibis

Mirrors on the 10K, makes it look real nice

And she said, "We only make disclosures here

of our own device"

And in the partners' chambers

Cooking up a new deal

Three percent in an S-P-E

but they just can't make it real

Last thing I remember I was running for the doors

I had to find the entries back

to the GAAP we had before

"Relax," said the client

"We are programmed to succeed

You can audit anytime you like

but we will never bleed."

TJandTheBear said...

The latest DARPA challenge will make inroads on construction jobs.

Stagflationary Mark said...

Watchtower,

Spectacular -- first Captain Flynt's bandits attack, then Claptrap shows up! I must have been horrifyingly cruel to puppies in a previous life to deserve this kind of treatment. - Sir Hammerlock

Stagflationary Mark said...

Fritz_O,

He said," We haven't had a debit here since 1993"

Borrowed prosperity is almost like the real thing!

Stagflationary Mark said...

TJandTheBear,

DARPA Robot Stayin' Alive