I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
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.
Mediocre at best. But as long as we keep manufacturing "good" headlines, all is well.
ReplyDeleteA chart of total construction from FRED says it all.
Oops, here's the link:
ReplyDeletehttp://research.stlouisfed.org/fred2/series/TTLCONS
Linked in! That's what I'm talkin about!
mab,
ReplyDeleteMediocre at best.
I almost went for agnificent, but figured with the drought and all, I didn't want to seem overly sarcastic. ;)
Today's "strong" construction spending report brings us back to 2004 levels. Woolhoo!
ReplyDeleteHow 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!
Your puns are mabnificent! ;)
ReplyDelete