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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.

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