Monday, January 20, 2014

If Housing Is the Long-Term Driver of This Economy...

Click to enlarge.

...then we are in big trouble.

The blue trend line uses all of the data points.
The red trend line uses just 3 of them.

The optimists would point to the splendid short-term recovery we've had since the Great Recession (2009 to 2013, as seen in the chart). Well, woo frickin' hoo on that one.

Source Data:
St. Louis Fed: Custom Chart

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