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2010: “The Year of Severe Economic Contraction”
1 hour, 15 minutes ago ago from NO Globalization
By Mike Whitney URL of this article: www.globalresearch.ca/index.php?context=va&aid=16569 Global Research , December 15, 2009 Upbeat reports in the financial media, belie the effects of the ongoing credit contraction. Massive injections of central bank liquidity have prevented the collapse of financial markets, but have done little to ease the deleveraging of households or stimulate activity the broader economy. The crisis has ...
Related contentNew Housing Sales no Indicator of Growth
2 hours ago ago from Timothy Birdnow
Jack Kemp (not the late politician) Daryl Mongomery hits another home run. He's got almost as many as Daryl Strawberry, for you baseball fans. Our government statistics seem to, once again, have been calculated by the Mad Hatter at Alice's Tea Party (the only Tea Party Movement the administration approves of). Perhaps you have a comment on this, Tim? Jack New Homes Reveal Old Problems With Government Statistics The ...
Related contentUs Economy Recession
3 hours ago ago from Economy & Business and purchase
US consumer spending up as economy gains steamAFP - Dec 23, 2009Other analysts chew one's nails that double digit US unemployment could dampen the income and consumption of Americans even as the economy recovers from recession that Personal Income Rises for 3rd Mask-like MonthUS incomes, consumer spending see gains in NovemberUS personal spending, income rise in Novall 492 expos articlesRecession Alters Migration Patterns in U.S.Wall Street ...
Related contentCALIFORNIA HAS WORST HOUSING YEAR SINCE 1954
5 hours ago ago from MODULAR HOME BUILDER
California is having what can only be called a disastrous new housing market. Housing construction in California is on track to set a record for the least amount of homes produced in a single year. For the first 11 months of the year, new housing permits are down by 40 percent on an annual basis and are at their lowest since they have been tracked. New homes built in California are expected to total about 35,000 units this year, the ...
Related contentHappy days will come for realty
16 hours ago ago from India Property Web's Blog - Sasti Property
A recent finding claims there is slump in sales of houses priced between Rs 7 lakh and Rs 30 lakh in the past three-four months, leading to an inventory pileup. After an outcry from various sections for affordable homes coupled with the huge realty crash last year, developers launched their affordable housing projects across India. Now, there is a section in the realty sector who think they miscalculated the demand for affordable housing, ...
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