Housing market and auto sales recovering? 7-year old kids will say "no".
The following charts indicated that the U.S. 7-year lagged population is totally consistent with the boom and bust in the U.S. housing market and auto-sales. The explanation is straightforward. A family becomes larger and wealthier. More importantly, these charts imply that the U.S. housing market and auto-industries will face a real challenge in 2014/15. Due to importance of the U.S. housing and auto sales, the U.S. economy will face a challenging circumstance as well.