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</html><description>North America Construction activity continues to advance. The graph below shows Total US Construction Spending adjusted for inflation (Core CPI). Spending is substantially below the 2004 to 2007 property bubble but equates to the earlier Dotcom era. The steep rise suggests that rate increases will be necessary to prevent another bubble. The S&amp;P 500 is &hellip; Continue reading ""</description><thumbnail_url>http://static.incrediblecharts.com/images/2015/2015-10-08-construction.png</thumbnail_url></oembed>
