A Big Housing Bust is the Key to Understanding This Recession - Mish Talk


GDP Contributions from BEA chart by Mish

Every recession since 1952 had significant declines in cyclicals defined as durable goods and residential construction. 

I left off the Covid recession because it dwarfs everything else. 

These charts are an expansion of the idea presented by Eric Basmajian at EPB Research. 


Image and article originally from mishtalk.com. Read the original article here.

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