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Housing slide in U.S. threatens to drag economy into recession

Posted on 24 August 2010

From Bloomberg: Housing led the U.S. out of seven of the last eight recessions. This time, it may kill the recovery. Home sales collapsed after a federal tax credit for buyers expired in April.
Since then, the manufacturing-led expansion, which began in the second half of 2009, has been waning, with jobless claims rising and factory orders falling…………………………………….Full Article: Source


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