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The exponential trend in red failed big time, not that many seem to notice or care. So what happened to the missing 1,400 hours of labor in September (in order to stay on the unsustainable exponential trend)? Well...
Seriously. As seen in the chart, didn't we already go through this once? Housing bubble? Hello?
Source Data:
St. Louis Fed: Custom Chart
10 comments:
in order to stay on the unsustainable exponential trend
Unsustainable? You keep using that word. What gives? Don't you believe the official propaganda?
mab,
As I told you, it would be absolutely, totally, and in all other ways unsustainable. No one in Guilder knows what we've done, and no one in Florin could have gotten here so fast. Out of curiosity, why do you ask? ;)
It is rather inconceivable, isn't it?
midwesterngirl,
I thought it fitting considering the rocky terrain.
This is a good thing. Prices belong below the blue line. That is where they are sustainable.
Six years earnings to buy a house isn't bad. Pity about the income tax, though.
Do wages include total compensation ? If so I'd like to see
the chart with benefits stripped out.
Joseph Constable,
You'd think it would be easier to sell houses if they were cheaper. Of course, if you thought that way then you probably wouldn't be responsible for monetary policy, lol. Sigh.
Bubbles, bubbles, toil, and trouble!
dearieme,
Yeah, the income taxes take a bite, as does the cost to maintain the house, the property taxes each year, the insurance, the furniture, the utilities, and so on.
Anonymous,
I don't believe either benefits or payroll taxes are included.
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