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China’s holdings of notes and bonds climbed $26.6 billion in June to $617.7 billion, a 4.5 percent increase, while bill holdings fell 25 percent to $158.7 billion, the Treasury’s data showed.
Originally posted by marg6043
reply to post by RetinoidReceptor
Occurs we are spending is part of our survival, like you said demand is there but not for trivialities but necessities.
But our economy needs that trivial spending that is what boosted developing countries, that is what is not going on right now, that is why inventories are low.
But still you are right, we need to spend regardless is just not the way we use too.
Southern California Home Prices Dropped 23% Last Month Amid Foreclosures
Aug. 18 (Bloomberg) -- Southern California house and condominium prices fell 23 percent in July from a year earlier as foreclosures dominated sales, MDA DataQuick said.
The median price dropped to $268,000 from $348,000 a year earlier, the San Diego-based research company said today in a statement. The number of homes sold increased almost 19 percent from a year earlier to 24,104 for Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties.
“There’s still quite a bit of distress out there,” John Walsh, Dataquick’s president, said in a statement. “Even if we are at or near bottom, history suggests we could bounce along that bottom for quite a while.”
Originally posted by stander
“There’s no basic foundation for the run-up we’ve had, been far too rapid," Dan Deighan, founder of Deighan Financial Advisors, told CNBC. He predicts we're going to see a 25 to 50 percent drop in the market — and it's going to be fast.
The Dow curve is horizontal -- that's not a harbinger of any liposuction, is it?