Why We’re in for a Long, Hard Economic Slog
By quarter four of 2007, sales of new homes had fallen without interruption for nine straight quarters and expenditures on new residential construction had fallen for seven quarters -- strong lead time signals of the looming distress.
Gjerstad, S., & Smith, V.L. (2010, Sept. 10). Why we’re in for a long, hard economic slog. Wall Street Journal, pp. A17.
Wall Street Journal