March 19, 2008

Permits For New Construction Plunge to a 16 Year Low

Yay. Some good economic news.

Posted by armand at March 19, 2008 03:18 PM | TrackBack | Posted to Economics


Comments

My sister is an architect and she has always said that if you want to know if a recession is coming, check with the architects, because they are the first to know.

Posted by: binky at March 19, 2008 05:55 PM | PERMALINK

Well, they predicted a recession before the 2004 election; then again in 2006; so as they say, third time's a charm (economists have, after all, predicted 9 out of the last 5 recessions).

Posted by: Morris at March 20, 2008 08:53 AM | PERMALINK

Hey, you guys read Barry Ritholtz? Cool. Much better than that dark avenger or whatever guy who claimed that George Bush, and not the tech bubble's implosion, was the cause of the 2000-2002 bear market.

Posted by: jacflash at March 20, 2008 08:55 AM | PERMALINK
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