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The economy picked up speed in the summer, growing at a brisk 3.9 percent pace, the fastest in 1 1/2 years and an impressive performance even as a credit crunch plunged the housing market deeper into turmoil. ...more
November 1, 2007
New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer. They predicted further sales declines before the worst housing slump in more than two decades comes to an end. ...more
October 26, 2007
Construction of new homes plunged to the lowest level in 14 years in September as turmoil in credit markets intensified problems in the housing industry. Consumer prices, meanwhile, rose at the fastest pace in four months, reflecting higher energy and food costs. ...more
October 18, 2007
even if we don't get a recession. Investors are anxiously awaiting third-quarter earnings, worried that a slowing economy may have damaged company profits. But even if the economy keeps humming along, things could get rough for stock-market investors. ...more
October 7, 2007
New-home sales tumbled in August to the lowest level in seven years, a stark sign that the credit crunch is aggravating the painful housing slump. ...more
September 28, 2007
Consumer prices posted a rare decline in August while the battered housing industry saw construction fall to the slowest pace in 12 years. ...more
September 20, 2007
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