Thursday, July 24, 2008

Private Residential Fixed Investment Over the Past Decade

You can clearly see the effects of the housing bubble decline starting in 2006.

1 comment:

  1. I disagree. This is a second derivative chart. At our current -20% number we are merely investing the same as in late 2004 and far more late 2001. It's an area under the curve thing.

    Don't get me wrong. Things stink and all those years of success have left participants woefully unskilled to ride these tides but crossing 0% in 2006 means spending the same as 2005 not some drop due to external events.