| 24.08.2010 - Housing slide in U.S. threatens to drag economy into recession |
| 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 |