From 2003 2006, annual construction spending rose to a level well above its long run trend.

The economy not only regains its lost ground, but, within a year, it typically catches up to its rising long run trend.

The downward price trend in the US market, for example, does not seem to reflect underlying changes in long run economic confidence.

The net result is that money is being parked temporarily in low yield investments in the US, although this cannot be the long run trend.

Thus, by the start of 2007, the US was, in essence, overbuilt about 300 billion in excess of the long run trend in construction spending.

Subsequently, the long term downward trend resumed.

The Long Short Run

If America does recover to the previous long run trend, the next decade will likely witness a construction boom that puts the mid 2000 s boom in the shade.

Stocks and the Long Run

China has long run large surpluses.

In only one instance was the long run growth trend left undisturbed US production and employment after World War II were not significantly affected by the macroeconomic impact of the Great Depression.

But what about the long run? Do large long run effects of tax rates show up in international differences in employment?

In the long run, this is dangerous.

The long run damage could be devastating.

While there will always be cycles oil prices, for example, will probably fall before they start rising again the long run trend for many commodities will clearly remain upward for some time to come.

This process does work in the long run.

In the long run, more diversity is needed.

Since cumulative construction spending was 300 billion above trend, it would have to run 300 billion below trend over a number of years in order to return to balance.

But, of course, we cannot overcome long run uncertainty.

Acting now means less spending in the long run.

In the long run, WikiLeaks matters for two reasons.

In the long run, these differences outweigh women s commonalities.

In a conventional recession, the resumption of growth implies a reasonably brisk return to normalcy. The economy not only regains its lost ground, but, within a year, it typically catches up to its rising long run trend.

When that happens, the long run future will be now.

In the long run, though, rule by bayonet rarely works.

In the long run, Georgia and Russia must coexist peacefully.

That is certainly the challenge for China in the long run.

For some countries, this long run prospect might be uncomfortably close.

Worse still, over the long run, the tax burden would shift.

Even if this widens the deficit in the short run, it will reduce the national debt in the long run.

California is an example of long run fiscal folly meeting short run national and global economic crisis, resulting in chaos.

On the contrary, it must be right in the very long run sooner or later, we will run out of jobs.

This should put a break on long run escalation of home prices.

The institutional foundations of stable long run fiscal policy are being eroded.

But, in the long run, it produced a much better policymaking environment.

The world economy has been run for too long by finance enthusiasts.

As Keynes pointed out, in the long run, we are all dead.

Short run exchange rate adjustments simply cannot fix negative long term trends.

Solving any of these three problems would go a long way toward resolving the long run financing imbalance between current tax rates and America s long run social insurance promises that the debt ceiling debate s instigators supposedly want to address.

Temporary Keynesian demand measures may help to sustain short run internal growth, but they will not solve France s long run competitiveness problems.

A return to fiscal sanity will be good in the long run, but it will reduce aggregate demand in the short run.

These figures are only the early warnings of an emerging trend. In the long run, as labor shortages become acute, China will need to relinquish some low end, labor intensive manufacturing activities, which will translate into decelerating export performance and lower economic growth.

But the long run can be long indeed, and the influence of speculative capital flows can be substantial and sustained.

Fifth, in the long run, a weaker dollar decreases supply and increases demand.

No one doubts the depth of Europe s official long run commitment to integration.