Nexvu Capital

Nexvu on Economics, Politics and the Markets

  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 932 other followers

  • Nexvu on Twitter

  • Previous Posts

  • Advertisements

US Housing Turns

Posted by nexvucapital on November 20, 2012

The financial crisis from 2007 to 2010, wiped out almost 40% of US household net worth, according to the Federal Reserve. This has damaged consumer confidence and the US economy as consumer spending is approximately 70% of the US economy. The turn off the bottom in US housing will at minimum have a stabilizing effect on the US economy. A crisis is over when its cause is over. The collateral damage is still being mopped up but this crisis was caused by US housing.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: