The Year 2092

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Assuming that the Fed has permanently put a stop to all future recessions and recent trends can therefore remain in place, then 2092 is looking to be quite the year! That's when residential construction employment per capita will have made a full recovery!

I'm only bringing it up because, as seen in the following link, party hats are still in such short supply! Reserve yours early!

September 1, 2013
America resilient 5 years after worst GDP loss since ’30s

The signs of resilience are everywhere: Households continue to spend. Businesses are investing and hiring. Home sales are rebounding, and the automobile industry is surging. Banks have healthier balance sheets, and credit is easing. All this coincides with the economy shedding the excesses of the past, such as unmanageable levels of consumer and corporate debt.

Sales are "surging" as we shed the excesses of the past! And credit is easing so we can borrow even more! Hurray!

“We are in a much better place than we were five years ago,” said Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pa. “Consumers are feeling much, much better; certainly investors are.”

It is Mark Zandi's vast knowledge of the inner workings of our economy that I admire most. Take his decision to purchase Florida real estate near the peak. Genius! What a relief it must be to him, both as a consumer and as an investor, to directly participate in one of the healthiest and most robust dead cat bounces in all of recorded history! Is it any wonder he's filled with such optimism?


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See Also:
When "Sure Things" Break Part II (Musical Tribute)

Source Data:
St. Louis Fed: Residential Construction Employees per Capita
St. Louis Fed: Florida House Price Index / CPI