Thursday, December 21, 2006

Housing Slows Economy

Just read on that the housing slump in 2006 has officially slowed the U.S. economy.
The economy has been losing momentum all this year. The main culprit behind the third quarter’s slowdown was the deepening housing slump.
The good news is that most economists do not expect the economy to fall into a recession. The article also states that, "The Fed’s goal is to slow the economy enough to thwart inflation, but not so much as to cripple economic activity."

Personally, I'm seeing the housing market pick up again. Read all about it here.


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