I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
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.
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
One wonders where we are going to find growth from here. One wonders that a lot, especially this one sitting right here typing this.
ReplyDeleteSigh.
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.
ReplyDeleteOne wonders where we are going to find growth from here.
ReplyDeleteHere's some wondrous growth:
http://research.stlouisfed.org/fred2/series/FGCCSAQ027S?cid=33244
"twas wondrous pitiful" - Othello
mab,
ReplyDeleteStop 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