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- House Prices vs. Consumer Spending
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The Economist has an interesting discussion on changes in real house prices vs. changes in real consumer spending, see: Collateral damage
Note: the following graph is from the Economist article and is for the UK.
For many years it was taken for granted that there was a strong relationship between house prices and consumer spending (see chart). More recently the Bank of England has cast doubt…
Original Source:
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4 July, 2008| housingblogs |
@ 14:47