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Notes to myself, possibly of interest to others.
-- Bill Northlich

Saturday, December 18, 2010

Housing (Non-) Starts

Look at the chart below of starts going back five decades. See how the line jumps in a ‘V’ shaped pattern coming out of each recession? This happened every time, except this cycle. This is the quintessential leading indicator for economic activity and it is going absolutely nowhere.   [Rosenberg Op. Cit.]

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