Maybe Robert Shiller—who just told us that there’s no housing rebound on the horizon—is right.
Maybe Robert Shiller—who just told us that there’s no housing rebound on the horizon—is right.
Check out this chart from Goldman’s Alec Phillips showing the relationship between state and local tax revenue growth and state and local employment growth. The pattern is crystal clear. Tax revenue growth turns up, and then employment growth turns up a little later. [Read more]
This is one we need to get in the habit of checking more often.