Y = C + I + G + (X − M) or Why Central Planning and Fed Policy Failed [Reader Post]
The Case-Shiller 20 city index sparked hope for the housing market recovery. It was actually UP for the first time in months (+0.7 NSA, but -0.1% SA). Of course, one good month doesn’t make a rally – we need at least 3-6 consecutive months for there to be a sustainable recovery. But before we get all excited, let’s look at GDP growth.