Tuesday, April 24, 2007
Headline of the Day
Sales of existing homes plunge 8.4% in March —MarketWatch
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.
"First" of the Day (4/11/07)