Tuesday, April 24, 2007


Headline of the Day

Sales of existing homes plunge 8.4% in MarchMarketWatch

This is an 18-year record, the fastest drop in existing home sales since January 1989, when a severe housing recession began. Officials of the Treasury Dept. and Federal Reserve assure that the housing slump is "well-contained." Kevin Depew takes a look at the well-contained effects on cement-producer Cemex, Spanish stocks and domestic auto sales. He also posts quotes from some very odd-looking experts.

Related post
"First" of the Day (4/11/07)


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