Thursday 23 July 2009

US home sales are flat

Flat as in pancake....

2 comments:

RF said...

I'm not so sure.

There seems a slight movement upwards in recent months.

Boat52 said...

Pick up any publication for high end houses, boats, or collectible cars and discover that multi-million dollar anythings are not selling. There is a huge over supply and more is waiting for any signs of market improvement to be listed.

What Benjamin Shalom Bernanke knows but ignores is that a zero interest rate environment is producing very little income for folks to spend. Trying to get everyone to be a borrowing slave simply doesn't work, but he and his band of followers at the Fed will continue with this plan.