Friday, September 14, 2007

More Dollar woe's

The party's over for American consumers: The new numbers on consumer confidence are out. They show American consumers very confident that the economy is going down the tubes.

Worst August for home sales in 15 years: Home prices fell in most Southern California neighborhoods and the number of sales tumbled to a 15-year low for August -- driven down by tougher lending standards, mounting foreclosures and skittish buyers.

Pensions caught in credit crisis: Several funds, identified among `other' investors, could face short-term loss from commercial paper

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