Just remember, this crash had its origin with the Fed dropping interest rates during the 2001 recession to goose the housing market, in order to get us out of the recession. It worked too. But what works in the short run can be disaster in the long. The bottom line is that government action cannot create real sustainable recoveries.
New Home Sales Plummet 13% To 284,000 Annualized Rate, 19K Actual Homes Sold Lowest Monthly Ever | zero hedge: www.zerohedge.com/article/new-home-sales-plummet-1...-ever
http://chum.ly/n/702671
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