My Take on Construction Spending (Musical Tribute)

The following chart shows the natural log of the combined total of <span style="color: red;">religious construction</span> spending, <span style="color: red;">sewage and waste disposal construction </span>spending, and <span style="color: red;">amusement and recreation construction</span> spending all divided by disposable personal income. I am once again using a natural log so that exponential growth (or in this case decay) can be seen as a straight line.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgatIZS_VDLd9AQ8iAjcqQHrOTZfpG3o97fSa8UoZ0EDdxbQpMlLq325f8ILuv6cJQa_z8kCpHBj6FOcnYVrwH3pPqEiwyn6bzhd4oF6dSDPeT30XCRG7zL2iNMKhyDD5PqS7GXR9pjurA/s1600/The+Amusingly+Faithful+Sewer+Rat+Trend.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgatIZS_VDLd9AQ8iAjcqQHrOTZfpG3o97fSa8UoZ0EDdxbQpMlLq325f8ILuv6cJQa_z8kCpHBj6FOcnYVrwH3pPqEiwyn6bzhd4oF6dSDPeT30XCRG7zL2iNMKhyDD5PqS7GXR9pjurA/s320/The+Amusingly+Faithful+Sewer+Rat+Trend.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />Why religious, sewage and waste disposal, and amusement and recreation construction spending you might ask?<br /><br />1. We have lost <span style="color: red;">faith</span>.<br />2. The <span style="color: red;">@#$%</span> is hitting the fan again.<br />3. We are not <span style="color: red;">amused</span>.<br /><br /><iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/5BAXBPHBHsE" width="420"></iframe><br /><br />"Bond" is certainly having a good year so far (the last few weeks in particular). <a href="http://news-these-days.blogspot.com/2014/01/the-pulp-fiction-of-rising-interest.html">Shocking.</a><br /><br /><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">The 20-year TIPS is back under 1%.</a> Let's just blame the next 20 years on a few months of cold weather and call it good.<br /><br />This is not investment advice.<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=rDu">St. Louis Fed: Custom Chart</a>

My Take on Construction Spending (Musical Tribute)

The following chart shows the natural log of the combined total of religious construction spending, sewage and waste disposal construction ...

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