The U.S. dollar and the housing market

摘要

It is now over two years since the financial global collapse of 2008. The collapse was so great that it was calculated to be more than 11 standard deviations from the average value of the Bloomberg U.S. Financial Conditions Index. To put that into perspective, we need to remember that three standard deviations from an average usually captures 99% of price variation around an average. The deviation from normal because of the financial collapse was, therefore, tectonic in its proportion.