I was pleased with the first release of 2008Q3 GDP, because it confirmed my prediction that real nonresidential investment was continuing to grow. The BEA has tweaked their numbers; those tweaks have not made any perceptible change in nonresidential structures investment. Thus I can continue to gloat about my prediction success at least until January when Q4 numbers are released!
Here is a repeat of my favorite graph showing how nonresidential structures investment continues to rise.
Here is a repeat of my favorite graph showing how nonresidential structures investment continues to rise.
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