Wednesday, Oct 28, 2009

Back to the future... a sign of things to come when QE ends in 2010 the UK.

Bloomberg.com: U.S. Economy: New-Home Sales Drop as End of Tax Credit Looms

Oct. 28 (Bloomberg) -- Sales of new U.S. homes unexpectedly fell in September as the end of a tax credit for first-time homebuyers approached, highlighting the importance of government aid to the emerging economic recovery.
Purchases dropped 3.6 percent to a 402,000 annual pace that was lower than the most pessimistic economist’s forecast, according to Commerce Department figures issued today in Washington.

Posted by hotfoot @ 05:22 PM (572 views)
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