Illusion of Prosperity: Some Perspective on Today's "Strong" Construction Spending Report

Tuesday, December 2, 2014

Some Perspective on Today's "Strong" Construction Spending Report

The following chart shows the annual change in real total construction spending per capita.

Click to enlarge.

Source Data:
St. Louis Fed: Custom Chart

5 comments:

mab said...: Mediocre at best. But as long as we keep manufacturing "good" headlines, all is well.

A chart of total construction from FRED says it all.; December 2, 2014 at 5:47 PM
mab said...: Oops, here's the link:

http://research.stlouisfed.org/fred2/series/TTLCONS

Linked in! That's what I'm talkin about!; December 2, 2014 at 6:11 PM
Stagflationary Mark said...: mab,

Mediocre at best.

I almost went for agnificent, but figured with the drought and all, I didn't want to seem overly sarcastic. ;); December 2, 2014 at 7:17 PM
mab said...: Today's "strong" construction spending report brings us back to 2004 levels. Woolhoo!

How about "bagnificent". For when the majority get left holding the bag.

And this blog is stagnificent. No joke. You've been on a serious roll. I can't keep up!; December 3, 2014 at 3:51 AM
Stagflationary Mark said...: Your puns are mabnificent! ;); December 3, 2014 at 11:53 AM

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