• Nine Years Ago: Fast or Sluggish Recovery?

    2 monthes ago - By Calculated Risk

    This is my 14th year writing this blog, and sometimes it is fun to look back at earlier predictions.
    In the early stages of the recovery , a number of analysts were predicting a rapid recovery. My view was that the recovery would be sluggish. First, I quoted from some optimistic views, and then wrote:
    I disagree with these views.... Although I started the year expecting a bottom in new home sales and single family housing starts , there is still too much existing home inventory for much of an increase in the short term.
    ...
    onsumers will remain under pressure as they repair their household...
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