Wednesday, September 05, 2007

Mortgage and Beige book

Beige book claims that Housing impact on US economy is not that significant. I tend to disagree. Read more..

Beige Book Sees Little Impact Of Market Distress on Economy -
The National Association of Realtors' pending home sales index, a leading indicator of sales, plunged 12.2% in July. Meanwhile, jobless claims have risen in recent weeks, and a report Wednesday from Automatic Data Processing Inc. and Macroeconomic Advisers estimated that only 38,000 private-sector jobs were created last month.