Japan’s housing starts down yet higher than US
March 02, 2009 at 08:28 AM EST
[Skip to the end] With maybe half the population, and with housing in a slump, Japan still has more actual housing starts than the US. While the Obama plan is ‘not my first choice’ for a fiscal adjustment, it isn’t ‘nothing’ either, and should be more than sufficient stabilize aggregate demand, albeit at low levels. This, coupled with [...]