Illusion of Prosperity: The Housing Bubble in One Chart

Tuesday, August 20, 2013

The Housing Bubble in One Chart

Click to enlarge.

FAIL.

Source Data:
St. Louis Fed: Custom Chart

4 comments:

Stagflationary Mark said...: One wonders where we are going to find growth from here. One wonders that a lot, especially this one sitting right here typing this.

Sigh.; August 20, 2013 at 10:24 AM
Stagflationary Mark said...: I should point out that the chart doesn't talk about debt directly. It is implied though. It's hard to get to 2.3 billion man-hours of labor per month spent solely on new home purchases without the "help" of the banks though. Shocking.; August 20, 2013 at 10:30 AM
mab said...: One wonders where we are going to find growth from here.

Here's some wondrous growth:

http://research.stlouisfed.org/fred2/series/FGCCSAQ027S?cid=33244

"twas wondrous pitiful" - Othello; August 20, 2013 at 2:13 PM
Stagflationary Mark said...: mab,

Stop teasing! The wondrous growth of 2010 is breaking down! Bah!

Acting on the assumption that Curwen possessed a wondrous and secret medical skill, many sufferers of various sorts applied to him for aid; but though he appeared to encourage their belief in a non-committal way, and always gave them odd-coloured potions in response to their requests, it was observed that his ministrations to others seldom proved of benefit. - The Case of Charles Dexter Ward, H.P. Lovecraft; August 20, 2013 at 2:35 PM

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