'As Housing Goes, So Goes the Economy': OK, but Where Is Housing Going?

The rise in the 10-year Treasury yield over the past few weeks again challenges knowledgeable market participants to confront and consider a functioning principle of the U.S. economy that's been in place since the New Deal era of the 1930s. 

What they must confront is that a rebound in secular economic activity has always been led by an increase in consumer confidence expressed as an increase in consumption, with the largest beneficiary being housing. ...735 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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