Paul Krugman is terrible on theory, but he watches economic data very closely and can spot turns in parts of the economy. He writes:
The U.S. economy finally seems to be recovering in earnest, with housing on the rebound and job creation outpacing growth in the working-age population.
We could just use the comments here, simply replace "Atlanta Fed" with "Paul Krugman"!
ReplyDeletehttp://www.economicpolicyjournal.com/2012/10/where-big-players-are-buying-housing.html