oussama94
05-29-2017, 00:24
As the world changes with time, so does the significance of the various economic
releases. Between 2004 and 2007 alone, different economic indicators
have appeared on our top indicators list. For example, in 2004 no one
really gave a second thought to housing market numbers, because the real
estate market was booming and everyone expected this boom to continue
forever. By 2007, however, the housing market bubble had burst and its
problems had spread throughout the U.S. and global economies. Not only
were house prices falling and inventory rising, but more and more homeowners
were pushed into defaulting on their mortgages. This made the
health of the housing market critical to the outlook for the U.S. economy.
Everyone realized that for the U.S. economy to recover, the housing market
would need to stabilize. Therefore, traders began to react more to the
monthly existing home sales numbers than to the balance of trade report.
releases. Between 2004 and 2007 alone, different economic indicators
have appeared on our top indicators list. For example, in 2004 no one
really gave a second thought to housing market numbers, because the real
estate market was booming and everyone expected this boom to continue
forever. By 2007, however, the housing market bubble had burst and its
problems had spread throughout the U.S. and global economies. Not only
were house prices falling and inventory rising, but more and more homeowners
were pushed into defaulting on their mortgages. This made the
health of the housing market critical to the outlook for the U.S. economy.
Everyone realized that for the U.S. economy to recover, the housing market
would need to stabilize. Therefore, traders began to react more to the
monthly existing home sales numbers than to the balance of trade report.