Saturday, October 28, 2006

Coming to a country near you !

Housing slump hits US economy growth

Growth in the US economy slowed to its weakest pace for three years over the summer, according to official figures that triggered a drop in share prices across the world. The slowdown was driven by a slump in the housing market. The report showed that spending on new housing contracted by 17.4 per cent, the biggest annual decline for more than 15 years.

Posted by uncle chris @ 10:55 AM (541 views)
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2 thoughts on “Coming to a country near you !

  • Retiredbanker says:

    Surely some mistake here.

    Alan Greenspan has only just said that everthing is going to be ok, and a friend of our Gordon cannot
    possibly be wrong.

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  • Greenspan and Gordan both engineers of a huge impending slump in their own countries

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