Spending on new vehicles has been a bright spot for the U.S. retail sector. March sales estimates come out on Tuesday, and most expect a strong recovery after sales were depressed by the bitterly cold months of January and February. But a closer look at the data on new auto purchases reveals some potential worries. Nothing …
An integral part of macroeconomics is understanding business cycles, i.e. figuring out what drives changes in aggregate output. We have devoted the last many years trying to understand why large declines in output and employment – as seen in the Great Recession – occur. In trying to answer such questions, a major obstacle in macroeconomics is the …
Bill McBride at calculatedriskblog.com (a must read in the economics blogosphere) has been doing some fantastic posts on the abrupt pull-back by investors in the U.S. housing market. They were very aggressively buying homes in depressed markets from 2010 to 2012 thanks to their relative wealth and ability to achieve good credit, but the excitement is now …
Investors Pulling Back — What Happens to Housing Now? Read More »
