Wednesday, November 19, 2014

Welcome to the Rentership Society!

The following chart basically shows how many apartment units are being built for every condominium unit that's being built.

Click to enlarge.

Is it different this time? 8.4 standard deviations says it is! Woohoo!

Ownership Society

Ownership society is a slogan for a model of society promoted by former United States President George W. Bush. It takes as lead values personal responsibility, economic liberty, and the owning of property.

Stick a fork in economic liberty. It's over.

Long-term prosperity, baby. That's what I'm talking about.

Source Data:
St. Louis Fed: Custom Chart

1 comment:

Stagflationary Mark said...

When (32-bit) double precision isn't precise enough

Since the odds of an 8-sigma event are about 819 trillion to 1 against, a 20-sigma event is obviously going to be so unlikely that it's not even worth talking about; would probably never happen in the lifetime of the universe. Further evidence that those computer models had some serious problems.

So we've got that going for us, which is nice.