3min chapter

The Joe Walker Podcast cover image

Housing Bubble Week Finale: It's The Housing Cycle, Stupid! - Ed Leamer

The Joe Walker Podcast

CHAPTER

The Role of Housing in the US Cycle

There were two post-war recessions that weren't led by housing. One was Korean War, the other one was dot com bust and recession in 2001. So it starts with housing that moves to consumer durables and then finally business equipment. That's our test of fiscal policy.

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