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unemployment and housing: Housing: The Little Engine That Can't - 01/28/12 12:54 PM
Housing, the force that has lifted the economy from almost all previous recessions, now appears to have become the little engine that can’t, as the nation seeks to find another means of raising the U.S. from economic stagnation. One only has to look at the graphs (courtesy of Calculated Risk Blog) to see just how far housing has to go in order to stimulate the economy as it has done following previous recessions. And a look at the unemployment situation shows that “full employment” is still years away.
 
Instead of seeking ways to artificially stimulate housing—efforts to date have … (44 comments)

 

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