28.01.2011 - Housing crisis represents the greatest threat to the recovery
From Usnews.com: Repossessed homes are a dead weight dragging down the financial world and the economy at large. Here's wishing that 2011's debut was brighter. The corner we hoped we had turned in 2010 looks more like a long blind bend in a never-ending road. We face the risk of another major downturn in the housing market, a so-called double dip that seems on the way with the news that, according to the S&P/Case-Shiller index, home prices fell by 1 percent in November from October after declining 1.3 percent in October from September across 20 major markets—and fell for the fourth month in a row. This now represents the greatest strategic threat to the recovery of the economy..............................................Full Article: Source
Print