The Great Housing Recession Continues

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By Thomas F. Cooley and Peter Rupert (Read Article HERE) A kind of silly debate has broken out among economists over whether our recent downturn deserves the label "The Great Recession." We'll leave it to others to sort this out. But we would argue that the downturn in the housing sector is pretty "great"--far worse than in past recessions. Periodically in this column we have presented a visual … [Read more...]