Wall Street Showed Resilience

January 1, 2008Wall Street ended in mixed and showed resilience in a year of economic turmoil.After a year of high up and down swings, the Wall Street managed to finish 2007 with a modest gain regardless of crises in credit and housing market and concerns about an economy possibly headed for recession. Probably it was a mixed year of bull and bear and many analyses predict that the same will

Worse than expected sales of new homes

December 30The housing market had been showing signs of slowdown since last 12 months but it has been significantly plunged deeper into last month, with sales of new homes plunging to their lowest level.The slowdown in housing market has worsened in November even more than most analysts expected, intensifying uncertainties that the US economy may be propel into a recession.Housing market had been