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Agora Vancouver 2011
Agora Vancouver 2011
1. Investor or Policy Wonk ? 2. Housing Boom & Bust (& Bust) 3. Stock Market History 4. U.S. Dollar, Treasuries & Gold 5. Five Things to Remember
Federal Reserve Doubled its Balance Sheet (left chart) % of GDP was Small in 2007 (right chart)
4 Million excess homes = 2010 Household formation = 0.9 million / year Homes built = 0.6 million /year Current rate = 12 years to absorb excess
Source: Ritholtz.com
Source: Ritholtz.com
Source: Standard & Poors, BLS (PPI Commodities, CRB spot, CRB futures).
Source: Ritholtz.com
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