Wednesday, June 1, 2011

Economic Rebound is Nothing but Media Hype

U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
The Conference Board's Consumer Confidence Index fell to a six-month low of 60.8 from a revised 66 in April, a sign of the toll that high gas prices, a choppy job outlook and a moribund housing market are taking on people's psyches. Economists had expected an increase to 67.

Economic Collapse: 20 reasons to be pessimistic about the economy:

Here are 20 pieces of evidence BusinessInsider uses to make their case that things are getting worse instead of better (we’re just giving you the highlights here, but you can get more detailed information on each item at

Those are just a few bits and pieces of recent economic news.

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