Homeownership data comes from the US Census Bureau's quarterly homeownership series,accessed from the St. Louis Federal Reserve's FRED API. Observations before 1965 I manually retrieved from (scanned) paper censuses. Recession dates(the grey bars in the zoomable graph) come from the National Burea...
United States Median Home Price History Expand this block to see the historical median price of single family homes in the United States. Median Home Price in the US by Month Month of ObservationMedian Home Price (NSA)Inflation Adjusted Price 1953-01-01 $18,080.26 $214,443.44 1953-02-01 $...
Since 1965, the USD’s share of global reserve currencies has gone through a tumultuous history, including the collapse of its share starting in 1978 through 1991 from 85% to 46%. This came after inflation exploded in the US in the late 1970s, and the world lost...
The recession of 1969-70 is clearly an exception to the history of the tight lead of new claims in advance of the NBER trough. In that episode there was a double peak of new claims, the first on 9 May 1970 and the second almost identical peak on 17 October 1970. We exclude from fur...
Nice history. Fair to add, I think, that two major Wars put paid to any prospect of UK maintaining any sort of ‘position’ in the World. Maybe this should be brought to the attention of all those rattling swords at China and Russia at the moment. ...
There really are two stories to tell. The first is the short term problem of depressed tax revenue brought on by the Great Recession – not runaway spending. The second is the longer term problem of spending increases along with unfunded tax cuts. A look at the following graph shows this ...
financial institutions. While relatively stable consumer debt is good for the economy as long as the borrower is able to repay his/her debt within the allotted time frame with interest, what can consumers do when they lose their jobs in a recession, and are not able to find other employment...
Mainstream economists and policy makers and politicians have been “warning” us about the imminent debt crisis for 80+ yearsnow. Yet the US is still the largest and wealthiest economy in the world and the US dollar is the most in demand currency in the world. Why is this so?
households for a monstrous increase of their wealth, and for an exponential increase in the already ridiculous wealth disparity to the rest of the households, even to the “Remaining 1%.” It was also the greatest economic injustice committed in recent US ...
(such as the 2-year T-note, and a 10-year T-note), or how much they each earned over a given amount of time. The width of the yield spread between the two helps to predict whether the economy might suffer a recession, or whether it might head towards a recovery, over the course...