Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Tuesday, December 17, 2013
Recession Leading Indicator?
Consumer Durables Minus Consumer Non-durables 1968-present
Consumer Durables Minus Consumer Non-durables 1947-present
To get things started. When the quarterly data goes from Positive to minus two percent meaning non durable spending exceeds the durable spending then a recession shows up in short order. Is it a reduction in durable spending or a combination?