Posted by Jonathan J. Miller -Thursday, May 5, 2011, 9:11 PM
The San Francisco Fed has a consumer friendly web site: The Economy: Crisis & Response. It’s quite good. Take some time and explore.
Of the many charts they offer, the chart above is my favorite and something we always seem to forget. Housing, like the economy is cyclical. Prices go up and prices go down. Doh!
Vicious Versus Virtuous recovery cycles…think….VVV
The hit song was appropriately named: “Hate To Say I Told You So.”