Thanks to a tip from the Joint Economics Committee’s insightful Dan Miller, I was happy to find this quick and brilliant interactive graphic about the components of U.S. inflation:
http://www.nytimes.com/interactive/2008/05/03/business/20080403_SPENDING_GRAPHIC.html
Makes you wonder what would happen if housing got a lot cheaper … wouldn’t that make Americans’ purchasing power stronger?
It makes me wonder... at what point should I sell my house and go back to renting.
The money saved on maintenance could probably be invested for a higher return than Real Estate.
Posted by: Charles | May 15, 2008 at 01:37 PM
Wouldn't this make an interesting "GapMinder" style presentation with a time dimension. We could watch all those pieces grow and shrink. Maybe taxes should be added as a counter point?
Posted by: Al Abbott | May 27, 2008 at 09:10 AM
Al, you are absolutely right -- this would a perfect subject for a GapMinder animation. I will have to blog GapMinder and get that thought up on its own post. Thanks.
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