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July 08, 2006
Stagflation?
Some economic predictions for U.S. housing prices and the world economy.
If that is the case, then–gradually–U.S. housing prices deflate, construction and consumer spending fall, and imports drop. U.S.-made products become more competitive at home, and so manufacturing production and employment for domestic uses rises. The falling real value of the dollar leads to an export boom, which causes export manufacturing to boom as well.
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Posted on July 8, 2006 06:40 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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