Summer Meltdown

Toddi Gutner

The problem with economic statistics are that they tend to tell the story after the reader already knows it. But Ian Shepherdson of High Frequency Economics in Valhalla, NY, tries to make sense of the numbers as they come out in his Daily Notes on the United States--and not months later. He took a look at the downward trend of mortgage applications for residential home purchases that the Mortgage Bankers Association tracks and took the statistics one step further.

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