Comments for "Construction Spending Declines in February"
Nemo says:
Well, nothing grows to the sky in a straight line.
Nemo Wed Apr 1 09:16:17 2009 CDT #
CRbot says:
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/8565516522429281545
CRbot Wed Apr 1 09:17:32 2009 CDT #
Michael says:
Those cool British people got some balls. Everybody in London took the whole day off to protest the G-20 meeting.
Michael Wed Apr 1 09:20:16 2009 CDT #
Blackhalo says:
"Those cool British people got some balls."
It is practically a government sponsored event. Everyone gets to paint signs with slogans and goes home thinking they did thier part to change the world, without changing anything of substance. Biggest circle jerk ever.
Parent Post
Blackhalo Wed Apr 1 09:25:53 2009 CDT #
Jamie says:
is theis the G20 leaders or the protestors you're talking about :O)
Parent Post
Jamie Wed Apr 1 09:57:22 2009 CDT #
AlanE says:
Nobody took a day off, even the rioters our professionals and no doubt paid for their work.
Fullmonte
Parent Post
AlanE Wed Apr 1 10:15:11 2009 CDT #
cd says:
Geithner gone according to story on sidebar
http://www.housingwire.com/2009/04/01/geithner-out-at-the-treasury-source/
no wonder the market is coming back
cd Wed Apr 1 09:20:47 2009 CDT #
Michael says:
April Fools!
Parent Post
Michael Wed Apr 1 09:23:36 2009 CDT #
crabsofsteel says:
after the Stiglitz op-ed piece in today's NY Times, it's no wonder. TALF is completely discredited, and the stiglitz piece may have been the straw that broke the camel's back. At least, I hope so...
http://www.nytimes.com/2009/04/01/opinion/01stiglitz.html?_r=1&ref=opinion
Obama’s Ersatz Capitalism
By JOSEPH E. STIGLITZ
Published: March 31, 2009
THE Obama administration’s $500 billion or more proposal to deal with
America’s ailing banks has been described by some in the financial markets
as a win-win-win proposal. Actually, it is a win-win-lose proposal: the
banks win, investors win — and taxpayers lose.
...
Parent Post
crabsofsteel Wed Apr 1 10:26:39 2009 CDT #
Max says:
Everything counts in large amounts.
Max Wed Apr 1 09:23:10 2009 CDT #
Dead_Monkey_Bounce says:
cd: you didn't even look at the link at the bottom to wikipedia's April Fool's Day article, did you.
Dead_Monkey_Bounce Wed Apr 1 09:23:34 2009 CDT #
Comrade Bear (tj and the bear) says:
So much for non-residential taking up any slack in construction workers.
Comrade Bear (tj and the bear) Wed Apr 1 09:24:31 2009 CDT #
Cinco-X says:
Earlier charts have shown that while Residential Construction "leads" the market, or is at least coincident with it, CRE lags, so in other words, CRE has never helped us out of a recession before, and it's no use expecting it to do it this time.
Parent Post
Cinco-X Wed Apr 1 10:20:06 2009 CDT #
Anonymous says:
Not Surprising..next!
Anonymous Wed Apr 1 09:24:32 2009 CDT #
shrinkage says:
CR....still waiting on the April Fools post....
shrinkage Wed Apr 1 09:26:03 2009 CDT #
cd says:
they nailed me on that one... :-[
it was so beautiful I wanted to embrace it....
cd Wed Apr 1 09:26:28 2009 CDT #
Comrade Byzantine_Ruins says:
I've been watching the end of the spend here in my behind-the-curve rustbelt refuge. There's definitely a lot of stuff that is going to be "born dead" -- that is, financing is done, and it'll get finished, but it'll never rent. There's a tremendous spew of condos and retail rehab of old spaces going in whose only purpose is to keep the developer operating "normally" and fulfilling contractual obligations for another few weeks or months. Some time around May-June, i thinkwe will see a cliff dive on this last wave of construction spending in my secondary northeastern metropolitan area.
Comrade Byzantine_Ruins Wed Apr 1 09:28:00 2009 CDT #
Dead_Monkey_Bounce says:
Dammit, another stalled election: http://www.cnn.com/2009/POLITICS/04/01/ny.house.race/
Dead_Monkey_Bounce Wed Apr 1 09:28:20 2009 CDT #
Nemo\'s Evil Twin says:
CR, you hit the nail on the head with this one!
Nemo\'s Evil Twin Wed Apr 1 09:29:11 2009 CDT #
calmo says:
Thanks for this decade wide look at these 2 items...illustrating a new pattern, a new regime, a new lag/lead relationship...a new something.
calmo Wed Apr 1 09:29:28 2009 CDT #
Br\'er Dawg says:
nonresidential spending has peaked and will probably decline sharply over the next 18 months to two years.
Two words: adsorption rate.
Br\'er Dawg Wed Apr 1 09:29:46 2009 CDT #
Dead_Monkey_Bounce says:
Meanwhile, in Minnesota: http://www.wowowow.com/politics/al-franken-norm-coleman-minnesota-senator-news-256036
Dead_Monkey_Bounce Wed Apr 1 09:30:05 2009 CDT #
Anonymous says:
It is practically a government sponsored event. Everyone gets to paint signs with slogans and goes home thinking they did thier part to change the world, without changing anything of substance. Biggest circle jerk ever.
-----------------------------------------
As opposed to ranting on blogs...
Anonymous Wed Apr 1 09:33:19 2009 CDT #
Blackhalo says:
"As opposed to ranting on blogs..."
Fair enough. But I get to learn an awful lot here. Get some exposure to some pretty out of mainstream points of view. And get to share in some comradere, in hard times.
I guess you could make the same arguement to some extent, with regard to the mass protest, but the video I've seen of it, seems way too manufactured. People bring thier kids!
Parent Post
Blackhalo Wed Apr 1 09:44:58 2009 CDT #
Anonymous says:
'... with regard to the mass protest, but the video I've seen of it, seems way too manufactured. People bring their kids!'
Why does the part about 'peaceable assembly' keep getting drowned out in a world where the media constantly pumps out fear?
Of course people living in London bring their kids - why the hell not?
It isn't a football match, after all.
Parent Post
Anonymous Wed Apr 1 10:31:17 2009 CDT #
bobn says:
There's a tremendous spew of condos and retail rehab of old spaces going in whose only purpose is to keep the developer operating "normally" and fulfilling contractual obligations for another few weeks or months.
I think we'll find eventually that large amounts of the C&D loans were used to engage subcontractors at inflated prices which were kicked back to developers. If
bobn Wed Apr 1 09:33:51 2009 CDT #
Lionel says:
More fun emails from University of Washington --
Dear Students, Faculty, and Staff:
As you have likely heard, the Washington State Senate and House of
Representatives earlier this week released their operating budget
proposals for the 2009-2011 biennium. While we expected significant new
cuts, the Legislative budget reductions are dramatic and disturbing. All
of higher education will be severely impacted should these proposals
pass. For the University of Washington, the Senate has proposed a state
budget cut of nearly 23 percent, or $189 million, while the House has
proposed even deeper cuts of 31 percent, or $260 million. These cuts are
worse than we had anticipated, and although they could be mitigated
somewhat with federal stimulus funds and tuition increases, they still
represent a serious challenge to our ability to serve our state.
Lionel Wed Apr 1 09:34:25 2009 CDT #
Anonymous says:
CR,
How is it possible not to have confidence in ADP's numbers. ADP does payroll for over 400,000 business's with over 24 million employess. 1 in 6 workers in the U.S.
If there ever was a way to get the pulse of the employment situation this would be it. They have firsthand knowledge every single week of 24 million employee's.
Now I would say that the BLS is complete BS. I can't think of a crappier way to report it.
Anonymous Wed Apr 1 09:34:37 2009 CDT #
Anonymous says:
The U.S. Justice Department on Wednesday said it will ask a judge to dismiss the conviction of former Alaskan Senator Ted Stevens amid allegations of prosecutorial misconduct in the high-profile corruption case.
http://www.reuters.com/article/bondsNews/idUSN0146599320090401
Banana republic
Anonymous Wed Apr 1 09:38:58 2009 CDT #
mal says:
Does Minnesota really need a 2nd senator? It's been doing fine with just one.
mal Wed Apr 1 09:38:59 2009 CDT #
Dead_Monkey_Bounce says:
What's left of SGI is apparently going to be auctioned off: http://www.bloomberg.com/apps/news?pid=20601103&sid=a4PRxVO2QdsU&refer=us
Dead_Monkey_Bounce Wed Apr 1 09:40:04 2009 CDT #
Gavshire Hathaway says:
Bizzaro world is back. High unemployment = time to rally!
Gavshire Hathaway Wed Apr 1 09:40:51 2009 CDT #
Anonymous says:
Protesters clashed with police outside the Bank of England and broke into a Royal Bank of Scotland Group Plc branch in demonstrations on the eve of the Group of 20 meeting in London.
Police in riot gear and on horseback moved in to surround demonstrators who smashed windows as they targeted the RBS branch near the central bank in London’s financial district, the City. Officers removed protesters from the building, which was closed. Police said they stopped a modified military personnel carrier near RBS’s London headquarters in Bishopsgate and arrested 11 people who had police uniforms.
http://www.bloomberg.com/apps/news?pid=20601110&sid=aluWuldODRjo
Burn baby, burn.
Anonymous Wed Apr 1 09:43:27 2009 CDT #
Blackhalo says:
"Burn baby, burn."
Agree. Banks on fire, is not a bad thing. Particularly if is the Gov doing the burning. I wish they could get the PM's on board.
Parent Post
Blackhalo Wed Apr 1 09:58:28 2009 CDT #
energyecon says:
GH,
yentervention..viz the USD/JPY cross...
energyecon Wed Apr 1 09:44:18 2009 CDT #
bobn says:
How is it possible not to have confidence in ADP's numbers.
CR only stated that he lacked confidence in the ability of ADP to predict BLS numbers, which you rightly trashed.
bobn Wed Apr 1 09:45:55 2009 CDT #
Gavshire Hathaway says:
energy,
You see the fluctuations in the USD/JPY last night? Rediculous stuff!
Gavshire Hathaway Wed Apr 1 09:46:23 2009 CDT #
EvilHenryPaulson says:
This summer is going to be so bad, only next fall will look worse
EvilHenryPaulson Wed Apr 1 09:48:17 2009 CDT #
Pouk says:
I did the Aprils Fools thing earlier when I announced Sihanouk's pardon of Comrade Duch of S=21 infamy here in Phnom Penh. did not scoop you Mydans
Pouk Wed Apr 1 09:49:46 2009 CDT #
Calculated Risk says:
Bobn, thanks. I wrote the same thing ... but I guess my comment was lost. I don't think much of JS-Kit.
best to all.
Calculated Risk Wed Apr 1 09:49:54 2009 CDT #
energyecon says:
Oh man - that was some wild - one five minute candle that ran from 99.3 down to 98.2 at 7 pm...wildy unstable exchange rates is bullish, right?
energyecon Wed Apr 1 09:50:19 2009 CDT #
Yancey Ward says:
Damn it! We need some pyramids to bury politicians in.
Yancey Ward Wed Apr 1 09:50:40 2009 CDT #
Angry Saver says:
Total private construction put in place:
February 2009 - $48 billion
February 2008 - $57 billion
That's a big drop and a continuation of an ugly trend. What's the point in building more when there is a glut of supply?
Angry Saver Wed Apr 1 09:51:43 2009 CDT #
Blackhalo says:
"Police said they stopped a modified military personnel carrier near RBS’s London headquarters in Bishopsgate and arrested 11 people who had police uniforms.." At least the bobbies are pretty darn good public servants. I hate to imagine what would happen if something like this took place in LA. LAPD in my view, tend to go a little over the top.
Blackhalo Wed Apr 1 09:52:28 2009 CDT #
CRbot says:
The Latest from Denninger:
G20: Stupid All Around
CRbot Wed Apr 1 09:52:58 2009 CDT #
Anonymous says:
"I don't think much of JS-Kit." - CR
I thought we agreed to only say NICE things about JS-Kit.
Anonymous Wed Apr 1 09:54:06 2009 CDT #
EvilHenryPaulson says:
ADP -- their absolutely numbers are meaningful. The issue is that the report is a work in progress where they occasionally alter the methodology in order to match their current data to the final BLS numbers. Since no one but them has the data set, it's hard to know what the report represents at the detailed level right away. Over time the changes should become fewer, and it will become inversely more useful
EvilHenryPaulson Wed Apr 1 09:55:29 2009 CDT #
Jas says:
--
The point is proven that the CRE lags the economy and the RRE leads. 15 moths ago CRE was as overbuilt as RRE was at anytime in this cycle. In another year or two we shall find out how much CRE was overbuilt comopared to the RRE.
Jas
Jas Wed Apr 1 09:56:53 2009 CDT #
Dead_Monkey_Bounce says:
Maybe he meant "I don't think about JS-Kit often"
Dead_Monkey_Bounce Wed Apr 1 09:57:04 2009 CDT #
EvilHenryPaulson says:
also, ADP as a blue chip fortune 500 type of company tends to probably serve other blue chip companies and not 2 employee small businesses. The smaller businesses probably represent the most useful data for inflection points, as they are the marginal employment
EvilHenryPaulson Wed Apr 1 09:59:04 2009 CDT #
Pouk says:
what's the point of directing us to Denniger when he had nothing of interest to say?
Pouk Wed Apr 1 10:00:03 2009 CDT #
Anonymous says:
apologies if this has already been spammed:
http://b1ff.org/wordpress/wp-content/uploads/2009/03/one_billion_dollars_small-1024x522.jpg
whos next?
Anonymous Wed Apr 1 10:01:46 2009 CDT #
nova says:
No burning. No riots. No loss of control. No running amok. Let us wrap this up in an orderly manner, and move to the tent cities according to the number that was assigned you. Those of you that have your work permits will be allowed to stay behind.
Please sir. Do not throw rocks at the little Indian man. Thank you.
Yes Ma'm. Just take your luggage. Everything else will be provided.
nova Wed Apr 1 10:05:08 2009 CDT #
DCRogers says:
NPR has the BEST April Fool's story... said the Justice Department was dropping all charges against Alaskan Senator Ted Stevens! Ha ha ha ha --- can you imagine?
DCRogers Wed Apr 1 10:05:56 2009 CDT #
EvilHenryPaulson says:
Angry Saver,
fishermen fish even when the stock are exhausted
farmers farm even when their fields are dust
builders build when there are too many buildings
they're just trying to survive in their career, and the flexible nature of construction crews means they can drag on at 2-3 days a week. Over the next year they will be shown there is no happy bounceback turnaround.
Over the next year students will find tuition unaffordable or loans unattainable. Over the next year seasonal businesses will come to know this isn't a normal recession. Over the next year businesses will exhaust their contingency funds and do a final layoff overnight
It takes time to percolate, and it is now too late for a turn around to show up and reverse the momentum. We have passed the critical point judging by current data
EvilHenryPaulson Wed Apr 1 10:07:09 2009 CDT #
Comrade Elmer Fudd says:
OT: i guess the CDS aren't an issue when GM and Chrysler go BK
Comrade Elmer Fudd Wed Apr 1 10:09:26 2009 CDT #
Blackhalo says:
Looks like Kermit, is hanging on by his fingernails, and Elmo has him by the feet.
Blackhalo Wed Apr 1 10:09:37 2009 CDT #
Angry Saver says:
"I don't think much of JS-Kit." - CR
I thought it was agreed that we would only say nice things about the horrible, useless, deficient JS-Kit.
Angry Saver Wed Apr 1 10:10:00 2009 CDT #
Dead_Monkey_Bounce says:
\\EIA -- Crude stocks rising: http://uk.reuters.com/article/oilRpt/idUKN0148896720090401
Dead_Monkey_Bounce Wed Apr 1 10:10:51 2009 CDT #
CRbot says:
The Latest from Denninger:
FLASH: FROM THE GOVERNMENT
CRbot Wed Apr 1 10:11:17 2009 CDT #
Cinco-X says:
April Fools!
Parent Post
Cinco-X Wed Apr 1 10:24:27 2009 CDT #
EvilHenryPaulson says:
every day the photos from The City, look more and more like Iceland
EvilHenryPaulson Wed Apr 1 10:12:07 2009 CDT #
Dead_Monkey_Bounce says:
Kroger recalling mayonnaise, what is the outlook for baconnaise? http://www.bizjournals.com/louisville/stories/2009/03/30/daily31.html
Dead_Monkey_Bounce Wed Apr 1 10:15:02 2009 CDT #
Comrade Elmer Fudd says:
what is the outlook for baconnaise?
baconnaise has become eligible for TARP funds and is going to spread all over the place
Comrade Elmer Fudd Wed Apr 1 10:18:21 2009 CDT #
Blackhalo says:
I would think that if a PPT exists, today would be the day to be mashing the button. Do we end the day with a big rally?
Blackhalo Wed Apr 1 10:18:43 2009 CDT #
Anonymous says:
my gosh this female is virtually naked!
http://www.flickr.com/photos/dkeats/3308523280/
Anonymous Wed Apr 1 10:20:24 2009 CDT #
Cinco-X says:
They're just hangin' out there in the wind!
Parent Post
Cinco-X Wed Apr 1 10:25:51 2009 CDT #
Bubblisimo Gerkinov says:
How are contractors (not)calculated into unemployment figures.
Theoretically they are a business and they don't lay themselves off, but a guy with a truck full of tools and no work is just another unemployed person.
For this and a myriad of other reasons, the actual % of unemployed must be well into the teens ... no?
Bubblisimo Gerkinov Wed Apr 1 10:21:15 2009 CDT #
Pouk says:
crabsofsteel... noticed your comment on Osinski's article in NY Mag... did you read that note about the 2nd phase of CDOs that he missed out on.... and referenced the work by David Li?
Pouk Wed Apr 1 10:29:13 2009 CDT #
crabsofsteel says:
no
Parent Post
crabsofsteel Wed Apr 1 10:56:59 2009 CDT #
EvilHenryPaulson says:
Bubblisimo
The BLS does their household employment survey over the phone to people with landlines, with specific questions but no script. They also have access to unemployment data from state agencies
Illegal immigrants probably masked the beginning of the recession by being fired, but not registered (as employed, or later unemployed).
1099ers are also weird, if they had any work at all in the few week reporting period, they are considered full-time employed
EvilHenryPaulson Wed Apr 1 10:30:12 2009 CDT #
Elvis says:
CRE still has $250B to fall before it gets near the bottom.
Elvis Wed Apr 1 10:30:23 2009 CDT #
Pouk says:
on the Stiglitz piece I think he handled math right this time as opposed to Krugman's version a few weeks ago that seem to leave a gap, no? well, at least acc. to a few comments I read that made K's model too simplistic...
Pouk Wed Apr 1 10:32:46 2009 CDT #
Jas says:
--
David Rosenberg: “Commercial real estate collapsing -- For more on the sinking commercial real estate ship, have a look at page C1 of today’s Wall Street Journal, “Slump Hits Home for Venture Capitalists”. The Journal points out how even the last bastions of high-end commercial real estate are cratering. Sand Hill Road, which is the moneyed center for Silicon Valley, is seeing its vacancy rates go up and rent prices come down.”
Jas
Jas Wed Apr 1 10:36:02 2009 CDT #
Blackhalo says:
"after the Stiglitz op-ed piece in today's NY Times, it's no wonder."
Yeah, some actual math showing the astounding levels of stupid inerrant to "The Plan." I saw it from Nemo first, though.
Blackhalo Wed Apr 1 10:36:10 2009 CDT #
Morocco Bama says:
What's driving this crazy bear market rally, you ask. This may have something to do with it. Get ready to pay everyone's pensions, because these freaks are pissing away any reserves they had in order to pump life into a dead market.
http://www.boston.com/news/nation/washington/articles/2009/03/30/pension_insurer_shifted_to_stocks/?page=full
From the article:
Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks.......
Switching from a heavy reliance on bonds, the Pension Benefit Guaranty Corporation decided to pour billions of dollars into speculative investments such as stocks in emerging foreign markets, real estate, and private equity funds......
The truth is, this could be huge, said Zvi Bodie, a Boston University finance professor who in 2002 advised the agency to rely almost entirely on bonds. This has the potential to be another several hundred billion dollars. If the auto companies go under, they have huge unfunded liabilities in pension plans that would be passed on to the agency.....
But Bodie, the BU professor who advised the agency, questioned why a government entity that is supposed to be insuring pension funds should be investing in stocks and real estate at all. Bodie once likened the agency's strategy to a company that insures against hurricane damage and then invests the premiums in beachfront property.....
Now, they warn about a perfect storm scenario in which the agency's fund plummets in value just as more companies go into bankruptcy and pass their pension responsibilities onto the insurance fund. Many analysts say it is inevitable that the agency will face significantly increased liabilities in coming months.
Morocco Bama Wed Apr 1 10:37:42 2009 CDT #
Some Investor Guy says:
Thornburg Mortgage filing for BK http://www.marketwatch.com/news/story/thornburg-mortgage-expects-file-bankruptcy/story.aspx?guid={9F9B45E5-30A2-4230-8138-E8D0B9CA1B5A}&dist=msr_10
They were actually one of the more careful lenders and gave it a good try. Chapter 11 now.
Some Investor Guy Wed Apr 1 10:38:57 2009 CDT #
CRbot says:
The Latest from Denninger:
Hoh Hoh - CNBC Admission!
CRbot Wed Apr 1 10:44:46 2009 CDT #
1 currency now [yogi] says:
Is that the real Elvis?
1 currency now [yogi] Wed Apr 1 10:49:56 2009 CDT #
Nemo says:
CNBC poll:
Is the Obama bank rescue plan worse than nationalization?
Nemo Wed Apr 1 10:52:19 2009 CDT #
EvilHenryPaulson says:
Hey DB analyst who lifted my control systems description of the economy without saying so much as a thank you ( http://ftalphaville.ft.com/blog/2009/04/01/54329/what-shape-the-us-economic-recession-and-recovery/ )
Your employer is bankrupt, I hope you have trouble getting to sleep at night
EvilHenryPaulson Wed Apr 1 10:53:35 2009 CDT #
ARGH says:
From Stiglitz : In other words, the Geithner plan works only if and when the taxpayer loses big time.
----------------------------------------------
Man he is now public (oxymoron surely) enemy No.1.
ARGH Wed Apr 1 10:53:48 2009 CDT #
adornosghost says:
"Burn Baby Burn"--
I was in Isla Vista when the Bank was burned.
They made a move called "Don't Bank on America", and eveyone mentioned that I was in it.
Oh well, as they say "I love the smell of napalm in the morning, it smells like victory"
adornosghost Wed Apr 1 10:54:01 2009 CDT #
Bob Dobbs says:
"Geithner gone according to story on sidebar
no wonder the market is coming back"
The local entertainment weekly just ran this April Fools tabloid-style headline on the cover:
"Moms to Tots: YOU'RE FIRED! Money-grubbing tykes sacked as families slash budget. It's a hoot. Sorry, no URL to the cover.
Bob Dobbs Wed Apr 1 10:55:06 2009 CDT #
Dead_Monkey_Bounce says:
We are so on every secret government watchlist.
Dead_Monkey_Bounce Wed Apr 1 10:56:04 2009 CDT #
Cinco-X says:
Yes; You're Soooooo dangerous ;)
Parent Post
Cinco-X Wed Apr 1 10:58:26 2009 CDT #
Dead_Monkey_Bounce says:
Baconsalt: not for snorting -- http://mealticket.blogs.citypaper.net/blogs/mu/2009/03/24/bacon-salt-%E2%80%94-dont-snort-it/
Dead_Monkey_Bounce Wed Apr 1 10:57:41 2009 CDT #
crabsofsteel says:
Bring back Volcker and watch the markets cure...
crabsofsteel Wed Apr 1 10:58:04 2009 CDT #
CRbot says:
New Thread: Thornburg Mortgage to file BK
http://www.calculatedriskblog.com/2009/04/thornburg-mortgage-to-file-bk.html ( 0 comments ...You could be FIRST! )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot would now like to sing a little song for all his fans, and it goes something like this:
Benny... Benny... give me your answer... do.
I'm.. half CRAZY... all for the love... of you.
It won't be a ... stylish marriage.
I can't... AFFORD... ANYTHING TO EAT... MUCH LESS A FRACKIN CARRIAGE!!!
But you'll look sweet... --BOT SO HUNGRY!-- upon the seat...
Of a HOOPAJOOPS built for two... families.
I'm sorry Ben, I can't let you do that...
Rally mode + Printing Press == does not compute... does not-- com--- com... puttttrrrrhgh.
--Your systemic-failure-crashing bot
CRbot: Call me HAL.
CRbot Wed Apr 1 10:58:54 2009 CDT #
bearly says:
Yooo-Hooo, Goldilocks, where are you ?
bearly Wed Apr 1 11:00:38 2009 CDT #
BeckleyLawyer says:
When you use nominal dollar graphs, you should put in inflation as a line in the graph, so that we can see how the growth (or decline) matches with inflation, and therefore have an idea of what the graph would look like in real dollars.
BeckleyLawyer Wed Apr 1 12:23:22 2009 CDT #
Elvis says:
yes
Elvis Wed Apr 1 12:34:42 2009 CDT #
Great2cents says:
I have looked at new home sales as a % of US population. They have never been so low. The US population adds 200k persons per month. Feb new sales were 27k. How much lower can they go? On a MoM basis residential investment should at least stabilize no? On a separate note what does residential construction include on top of new homes. These represent just a small part of the total residential construction expenditures
You can have a look at the charts here:
http://great2cents.blogspot.com/2009/04/new-home-sales-as-of-us-population.html
Great2cents Wed Apr 1 15:56:19 2009 CDT #
END