When Will The US Housing Market Bottom Out?

Price: Free
Report Format: PDF
Date Published: April 24, 2008

In recent weeks, US economic indicators have continued to deteriorate. Inflation has surged on both sides of the Atlantic, driven up by rising oil and food prices; the financial crisis has worsened; and the dollar has dropped to alarming levels. There is hardly a doubt that the US is in recession. In contrast, growth remains moderate in the Eurozone, at least so far, and is still going strong in the developing countries. It is clear, however, that this cyclical decoupling will only be temporary.