After a great month on Wall Street, the stock market has declined, suggesting to some experts that the economy may be faltering. As part of the cause, check this out: "Consumer spending slowed in March, a sign higher gasoline prices and a sagging housing market are chipping away at a mainstay of the expansion. Purchases gained 0.3 percent from the prior month, less than half the 0.7 percent increase in incomes and falling short of the average economist estimate of 0.5 percent."
Full article: http://www.bloomberg.com/apps/news?pid=20601087&sid=ar85Dkg.2nok&refer=home
On a similar note, here's another interesting finger-pointing article about the housing market. Guess who's to blame now...investors! "Demand for bonds, and investors' complacency toward risk, can be blamed for the record early delinquencies and defaults on subprime home loans, speakers at an industry conference in Miami said." See http://www.bloomberg.com/apps/news?pid=20601087&sid=aJSgUGiZSry4&refer=home
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