Tuesday, December 3, 2013

Once, Twice, Three Times a Maybe (Musical Tribute)

The following chart shows real annualized private office construction spending per capita (October 2013 dollars).


Click to enlarge.



Correction:

I originally posted that this was real monthly private construction spending per capita. The data is monthly but it is a seasonally adjusted annual rate. The chart remains the same, only the description changes.

Source Data:
St. Louis Fed: Custom Chart
at

3 comments:

  1. WTC ?7?December 3, 2013 at 4:42 PM

    I gotta say, as far as third peaks go, that latest one seems kind of puny.

    It's like WTC ?7?. Certainly not newsworthy!

    ReplyDelete
  2. Stagflationary MarkDecember 3, 2013 at 5:17 PM

    I agree that it is very puny. That's what's newsworthy to me.

    The Fed, even with 5 full years of ZIRP, hasn't managed to reinflate the office construction spending bubble again.

    ReplyDelete
  3. Stagflationary MarkDecember 3, 2013 at 5:21 PM

    Put another way, "maybe" they can't.

    ReplyDelete