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It was a bold bet that the Treasury and Fed could engineer an economic recovery without allowing the repricing of U.S. housing stock...more |
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At first blush, a government report released Monday appeared to offer hope to the nation's struggling auto industry: New-car sales in July fueled an uptick in consumer spending, which had been wheezing for three straight months. ..more |
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In a rare break from what has been the "norm" throughout the recession, this weekend saw no bank closings. Since January 2008, more than 280 banks and thrifts have collapsed, most as a direct result of problems in the real estate markets. ..more |
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The housing market in most of New York City is outperforming markets in the rest of the country this summer, with prices rising modestly as employment grows in the city...more |
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