The Difference Between House Price Index and Conference Board

University of Michigan tends to focus on stock market gas prices, more pocketbook issues. The difference is interesting just because historically, when these two measures have diverged, we have had recessions. So it does suggest that there might be some of that tension between what consumers feel in terms of the labor market and what they're feeling elsewhere in the economy. But for middle income high income households, it feels like they've got a lot of firepower there.