We mentioned that home buyers' risk appetite appears to shift in May, 2010. Via Mike Konczal, it appears that some sort of shock to business confidence occurred about the same time.
What on earth can it mean? Perhaps it was us starting this blog? The correlation in point of time is suggestive, but can we be sure there's not a lurking variable in there? Ah. Hmm...if the Tories return to pro-cyclical policies, we'll have to throw out theories of economic learning.