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Publications
Public Policy Brief Highlights No. 90A
| July 2007
Cracks in the Foundations of Growth
What Will the Housing Debacle Mean for the U.S. Economy?
With economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home market, and a large debt burden.
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