Why We’re in for a Long, Hard Economic Slog

Authors

Steven D. Gjerstad, Chapman UniversityFollow
Vernon L. Smith, Chapman UniversityFollow

Document Type

News Article

Publication Date

9-10-2010

Abstract

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.

Comments

This article was originally published in the The Wall Street Journal on September 10, 2010.

Recommended Citation

Gjerstad, S., & Smith, V.L. (2010, Sept. 10). Why we’re in for a long, hard economic slog. Wall Street Journal, pp. A17.

Copyright

Wall Street Journal