Sunday, April 19, 2015

Fed-fueled, mal-investment boom in private construction

http://www.zerohedge.com/news/2015-04-19/well-hasnt-happened-exhibit-3

The zerohedge chart is incorrectly labeled.  It is not total private construction US.  It is total private construction in manufacturing us.  See this chart from St Louis fed:

https://research.stlouisfed.org/fred2/series/TLMFGCONS

This is total private us construction:

https://research.stlouisfed.org/fred2/series/TLPRVCONS
 

No comments: