What Are We Expecting From Housing?
Posted on July 05, 2012 at 09:50 AM EDT
Josh Lehner and Bill McBride note that the manufacturing slowdown does not necessarily indicate recession, something I noted as well. Another version of that story is seen by comparing the ISM headline number with the new orders data: Again, manufacturing slowdowns in 1995 and 1998 did not presage recessions (albeit possibly due to offsetting monetary [...]