The following chart shows the 24-month moving average of construction employees per capita.
Click to enlarge.
Looks like we're going to make another attempt to to ski the K-12. Woohoo!
No, no, I was trying to ski the K-12. You know after the Olympics everything looked so damned easy. You gotta be a real moron to try to ski that run, you know what I mean? - Better Off Dead (1985)
Source Data:
St. Louis Fed: Custom Chart
Preliminary 2025 Housing Forecasts
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Today, in the CalculatedRisk Real Estate Newsletter: Preliminary 2025
Housing Forecasts
Excerpt:
Towards the end of each year, I collect some housing for...
1 hour ago
5 comments:
In all seriousness, I don't think there's a chance in hell that we can make it back to the red parabola a sixth time.
Just an opinion of course.
A three part fail:
http://research.stlouisfed.org/fred2/graph/?id=CPIAUCSL
A steep parabola, a shallow parabola and then a negative parabola.
Third derivative for the win!
And the break points are fascinating themselves.
Natural Log of CPI
When using natural logs, constant exponential growth is seen as a straight line.
As Yoda might say, "Bends down it does, yes."
I remember KT-22 but not K-12
Fred
Fred,
Nice!
I was an avid snowboarder. Here comes one of those "back in my day" stories.
Back in my day (hahaha), I couldn't even go snowboarding on Washington State mountains.
My first trip to a real mountain (and not just a golf course) was in Canada (they allowed it).
So there I am, with very little experience on a relatively crappy snowboard (since that's all they made back then). It did not flex at all. It had fins.
I'm at Red Mountain in Canada. The snow conditions are awful. My "friends" take me to a moderate run. It's steep. It's covered in ice and on the surface there are ice balls. In all my years of snowboarding, I have never seen its equal, lol.
One of the Canadians asks me a simple question (which I shall paraphrase from memory), "You aren't really going to ride that thing down there are you?"
I replied, "I don't have much choice."
It was the second worst run of my life, for many reasons, lol.
But, I did survive it. At the bottom the next lift took us to the top of the mountain.
Oh, man. Bliss. The snow is powder and deep. Perfect!
I went no more than 50 yards and got complacent. I fell into the deep powder. No big deal! Well, except for one small problem that is. The bindings popped out of my board. Ripped the screws right out and chunks of board with them.
Things can't get worse though, right?
It was at this time a small boy skied to me and said (and this I do remember from memory), "Why don't you learn how to use that thing?"
I replied, "I'm certainly trying!"
Hahaha! I had to walk through the deep snow to the next lift and then ride it down. What a day!
That was definitely my K-12! ;)
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