Although the turnover ratio has fallen from the bubble years, the level is still above the median for the last 40 years. This suggests 2009 is about a normal year for existing home turnover.
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Back from the Brink--GREG MANKIW'S BLOG
The latest speech from the CEA Chair.
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Paul Krugman: It’s Easy Being Green
It’s important, then, to understand that claims of immense economic damage from climate legislation are as bogus, in their own way, as climate-change denial. Saving the planet won’t come free (although the early stages of conservation actually might). But it won’t cost all that much either.
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