Building Bubble - Topping Indicator
"Washington reversed a decades-long decline in population, and has for several years been growing as fast as any of the fastest-growing states. Long-neglected neighborhoods have been gentrified, real estate prices are skyrocketing, and the Office of Planning predicts that we could run out of attractive places for developers to build. [...] All of that has made the current conversation about raising the District’s height limits, codified in federal law more than a century ago, different from past efforts."Washington, DC is running out of office space because of productive enterprises making things? Or because of grifters, lobbyists, regulators, and contractors? Does it matter, since "it all goes in to GDP"?
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3 comments:
Any talk of a building bubble is pure heresy! ;)
September 3, 2013
Absolute Faith in Monetary Policy (Musical Tribute)
I charted residential construction spending divided by religious construction spending. It's partly done tongue-in-cheek of course. Partly.
You know, we really nailed the silver bubble with our ironic charting methods. You should do a retrospective.
CP,
You might find this retrospective especially amusing.
February 24, 2011
Silver Bubble Construction Set
Check out what "Anonymous" wrote in the comments.
Very few people on this earth understand Silver
As I write this, Silver is at $45, up $15 bucks since this article was written just eight weeks ago.
The internet is a wonderful thing. You can find articles written over the past few years saying silver was overbought at $12, at $15, at $18, at $20 at $30.. The long awaited correction the "experts" keep warning us about never comes.
None of these "experts" understand the first thing about what is driving silver.
I replied...
This post was intended to show how a silver bubble is formed. I'd say that since silver is up 33% in just 8 weeks the article still has merit.
I would also point out that you have decided to capitalize silver as if it is a holy metal worthy of our worship. That would imply to me that you think silver is good at any price. Time will tell.
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