Home › Forums › Housing › Emotion Distorts Logic › Agreed Kewp. GDP may be a
Agreed Kewp.
GDP may be a good indicator of reasonable inflation rates, but here’s the percentage changes for 2004-2006 from the previous year:
2004 2005 2006 3.9% 3.2% 3.4%
Nowhere near what housing was appreciating at.
Source: http://www.bea.gov/bea/newsrelarchive/2007/gdp406a.xls
As you said, you’re thinking logically about something that was caused by reckless emotions. You can’t understand the reasoning behind those emotional decisions because there is none.
