Paul Krugman notes that Exports have off-set declining housing investment:
http://krugman.blogs.nytimes.com/2007/12/29/why-we-havent-had-a-recession-so-far/
Jim Hamilton actually made this point some time ago:
http://www.econbrowser.com/archives/2007/11/some_observatio.html
All this is a natural result of the depreciation of the dollar. My question, though, is whether to be surprised by the fast improvement in net exports. I thought that when the currency depreciated as rapidly as the dollar has, the terms of trade effect in the short run is more important than how consumers adjust to changes in relative prices. That is, because foreign goods are more expensive, and because it takes awhile to substitute out of foreign goods, the net export position should actulaly worsen for awhile.
I am not complaining, but am rather looking for an explanation...
On the whole, real estate investing is a risky task, having a real estate expert while framing a decision is a wise idea.
ReplyDeleteThere are several real estate gurus’ who will help you in framing the right decision. David lindahl scam is one such great real estate connoisseur who can help the frame the right decision at right time.
The real estate portfolio should be of that sort as well, planning is something very imperative and details about the property type and sound income-producing property details should be categorized within two investment units. Nevertheless, two investment units should be framed out along with the risk factor; such that it will give a detailed specification.