User: Brian Ripley: U.S. Housing: Picture
The U.S. so called Housing Recovery is mislabeled and perhaps is more an example of Capital leverage over Labour. In Canada a similar condition is occurring with the Balance of Trade being stuck in a negative channel for the last 5 years (in the U.S. it's been negative since 1980's). Canadians are regularly consuming more than they produce and in the last year and half, Labour costs for Capital have plunged back to 2005-2006 levels. More at www.chpc.biz
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