
Kevin Erdmann
@kaerdmann
I discovered a new framework for understanding the housing bubble, the financial crisis, and costly housing markets.
See my substack link for ongoing analysis.
ID: 178889277
https://kevinerdmann.substack.com/ 15-08-2010 23:43:04
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"In that footnote they asked the right question with shocking specificity. Why would the loss of net worth be exogenous (an outside force with explanatory power) for construction employment? And yet…" Conventional Wisdom, revisited, by Kevin Erdmann open.substack.com/pub/kevinerdma…


Over the past 30 years, federal debt/GDP has been stable or declining except for the aftermath of recessions. The 1st step toward a manageable federal debt is NGDP targeting & a stable business cycle. And a housing boom will also help. fred.stlouisfed.org/graph/?g=1LkPb #FRED St. Louis Fed





During a chat with RenMac: Renaissance Macro Research earlier, we were pontificating about the broader implications of weak office-using job growth. I realized I haven't included that metric in my usual jobs report updates, so I whipped up a quick chart. The trend over the last couple years is rather





