While the monthly data is often erratic and the government statisticians warn that it takes four months to establish a change in trend, it is pretty clear from the top chart that the explosion in housing from 1997 through early 2000 is ending.

David Orr
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Submitted by: TheQuoted

What they [Fed officials] and we are concerned about is the 'staying power' of [consumer] spending in 2002. In particular, there is room for a large decline in motor vehicle sales in the January retail sales report.

David Orr
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Submitted by: TheQuoted