At the Crossroads of Expansion and Recession (Financial VIEWS)
Appraisal Journal 2007, Fall, 75, 4
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Publisher Description
Commentary Over the past several years, the U.S. economy has enjoyed a period of record-low interest rates, low inflation, and relatively strong growth in terms of gross domestic product (GDP), corporate earnings, consumer spending, and consumer wealth. Much of this growth can be attributed to the strong housing market, which both benefited from, and contributed to, the low interest rate environment.
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