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Don Harrell's avatar

When people get hungry or fearful, they get angry, very angry!! Would not want that bunch looking for my hide! Just sayin'.

Don Harrell

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Gord Richards's avatar

Your description of a change in the long term primary trend is spot on as is the contribution of existing housing problems to economic decline in the short term. An excellent description on Danielle Park’s juggling dynamite website provides a convincing description of the housing market being a leading indicator of coming recession, unlike jobs and inflation being lagging indicators. Specifically, the article shows how declining VOLUME of new house sales has preceded most recessions since WWII. Much more in the article with excellent graphs showing above. Love your concise style.

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