Why?
Let's look at two previous episodes: 1978- 1982 and 1986-1990 (click on the chart to enlarge).
They show that when housing has a cyclical downswing, the decline lasts about four years.
The current housing contraction began in 2006. History tells us that the housing sector will have problems until 2009-2010.
This trend will have major implications for the economy and financial markets.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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