Video Explanation of Cyclicals Importance
Cyclicals including housing and durable goods only constitute ten to fifteen percent of GDP, but the swings account for variations between growth and recession according to Eric Basmajian at EPB Macro.
Housing Bust Underway
Basmajian's theme ties in with the housing bust now underway.
For discussion please see Expect Huge Negative Revisions to New Home Sales as Sales Crash and Orders Cancelled
This post originated at MishTalk.Com.
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