17.08.2011 - Busted recovery: How much is housing to blame?
In early spring, when the news came out that housing had entered a double dip - prices were falling again - it seemed like an outlier. The jobs market was picking up steam. Corporate profits were up. The stock market was rising. A lot has changed in just a few months. Now the question is whether housing was a leading indicator for the economy, or was it just leading the economy..............................................Full Article: Source
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