Rolf Englund i Smedjan nr 4/1992 om Grants bok Money on the mind
Jim Grant reported some fascinating numbers in his latest issue of Grant's Interest Rate Observer.
Jim says that from 1983 to 1998, housing sales stayed relatively constant, representing between 8% and 10% of GDP.
As of the latest numbers, home sales are at 17%.
For the statisticians out there, that's 3.4 standard deviations from the mean.
Dr. Steve Sjuggerud June 6, 2005