On Feb. 12, the #GDPNow model forecast for real GDP growth in Q12016 is 2.7% https://t.co/PkWNFJQxO0 pic.twitter.com/DUWSOb5Yg0— Atlanta Fed (@AtlantaFed) February 12, 2016
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4: Here is an interesting graph that ties in to my recent post on the age-related effects of the boom and bust. Here, we can see how the 65+ group, which is very heavy in equity and is less vulnerable to labor markets, has sailed through the period as if nothing happened. Meanwhile, the under-45 groups experienced newfound access to mortgage credit markets until the crisis, and have been especially stressed since then because they tend to have higher leverage.
Cheap debt: The avg 65-year-old borrower has 47% more mortgage debt than a 65 y/o in 2003 https://t.co/WJfmcJLNfy pic.twitter.com/y8euqq5swZ— Nick Timiraos (@NickTimiraos) February 12, 2016
Why housing is not an.issue is curious....sheesh, none of the candidates even seem to talk about generating lots of jobs.
ReplyDeleteNo wonder Trump is winning...
Maybe all the candidates now accept the idea of monetary offset? So they understand that Presidents can't create jobs? [I'm being facetious of course} : )
ReplyDeletebill