Tuesday, December 27, 2011

Economic Report: U.S. home prices drop in October: Case-Shiller

Economic Report: U.S. home prices drop in October: Case-Shiller: U.S. home prices took a step backward for a second month in October, according to a key index released Tuesday.

As one of the most basic pillars of our economy continue to struggle, the news continue to tell us that the economy is finding its footing and slowly but certainly finding its way up.
How can an economy possibly find its footing while one of the most inportant footings of its foundation - Housing - continues to deteriorate?

Consumer confidence is supposedly up today. Hmmm? I suppose folks are ok with the value of their home still in the decline. That is the value of one of the most important asset.
And to top off that confidence I suppose the shutting down of ove 120 Sears store is one of the reasons - right?

Is it what it is, or what the news tell us it is?








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