This Is Not Your Grandma's Business Cycle

Presented with little comment aside to ask - in all frankness - does this look like a 'recovering' economy five years after a central bank unleashes its extreme monetary policy?

#1 - Are builders really as bullish as NAHB Sentiment suggests?

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#2 - As Mortgage Applications plunge to 13-Year lows...

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Just what happens if interest rates ever rise?

Charts: Bloomberg h/t Brad Wisack