Spending more money on killing people
Click on the image to read Mish’s delightfully doomy analysis of the chart. The really scary thing is “durable goods” represents all the things that go into new houses and offices when they’re built. Remember that boom we just had? Non-military durable goods peaked at +12% increase from 2000. Military was almost up 50% by that time, and by now it’s up 125%. The chart is not inflation adjusted, so the increases might be exaggerated – but that also means the non-military side would be exaggerated.
Where does our money go? Killing people technology!
Tags: depression 2.0, holy fuck, how crazy does that shit look?, total cockup, we're fucked