Reminder - Consumer (employment), Housing going nowhere

d...if the personal consumption & housing sub-component doesn’t start showing some signs of life, it’s game over as far as the recovery story goes. Exiting recessions, this subcomponent sits, on average, at -0.09. It printed at -0.48 last Thursday, and has not printed better than -0.43 since December 2008. In other words, it is going nowhere fast, and the other components can’t carry the ball forever.












---ibid