Growth continues.
Figure 1: Nonresidential manufacturing structures investment (tan bars), and all other nonresidential structures investment (blue bars), all in bn.Ch.2017$ SAAR. NBER defined peak-to-trough recession dates shaded gray. Source: BEA, Table 5.3.6, 2nd release for 2023Q3, NBER, and author’s calculations.
For discussion of the contribution of the manufacturing structures boom to GDP, see this post.
Head count: Who missed Uncle Moses??
Welcome back! I guess you missed the CoRev coal trashing which got his banned. Oh well – he will not be missed.
Henry Kissinger has died.
If you are about to say something mean about Kissinger you should just stop and take a breath — and see if you can think of something meaner to say.
Now my face hurts.
I will never forget his Oct. 1972 claim “peace is at hand”. That put politics over the national interest to a new low.
Kissinger on the Palestine question was ahead of his time. Kissinger on Vietnam was a politically driven piece of garbage.