The following chart shows real manufacturers' nondefense capital goods (excluding aircraft) new orders per capita (September 2013 dollars).
Click to enlarge.
It is accelerating almost exactly like a baseball would after it has been hit up into the air. Pardon my language, but gravity's a bitch.
Source Data:
St. Louis Fed: Custom Chart
Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
39 minutes ago
2 comments:
http://research.stlouisfed.org/fred2/series/LNU00000060
Looks like a New Regime to me . . .
Troy,
Here's your chart showing growth and comparing that to 10-year treasury yields.
Check this out.
I bet we could fine tune it by factoring in the future employment potential of the 25-54 population. That one's open for debate of course.
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