Normal
smerf ???? the article clearly states, first comes the house bust then comes the recession....only twice has that NOT occurred...Korean war in the 50's the Vietnam of the 60's...not sure how you can read that any differentlythe extract..........................Leamer says that housing cycles provide an almost perfect forecast of recessions, with their peak typically three to four quarters ahead of the rest of the economy.
smerf ????
the article clearly states, first comes the house bust then comes the recession....only twice has that NOT occurred...Korean war in the 50's the Vietnam of the 60's...not sure how you can read that any differently
the extract..........................
Leamer says that housing cycles provide an almost perfect forecast of recessions, with their peak typically three to four quarters ahead of the rest of the economy.
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