Wednesday, February 24, 2010

Spain and not Greece is the Biggest threat to the Euro says Eichengreen

Eichengreen Says Expect more weakeness for the Euro


Feb. 24 (Bloomberg) -- Barry Eichengreen, an economics professor at the University of California at Berkeley, says Europe must come together to help Greece get its deficit under control. Bloomberg's Sara Eisen reports. (Source: Bloomberg)



U.S. New Home Sales Drop 11.2%

The Wall Street Journal
February 24, 2010

U.S. new-home sales unexpectedly fell in January, setting a record low and erasing all gains made in the market during the past year as the economy recovers from recession.

Demand for single-family homes fell 11.2% from the previous month to a seasonally adjusted annual rate of 309,000, the Commerce Department said Wednesday.

Economists surveyed by Dow Jones Newswires had estimated sales would rise 3.8%, to 355,000.

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