Friday, August 21, 2009

Quick Overview

  • U.S. existing home sales rose 7.2% MoM -- the most since August of 2007

  • (WSJ) One in eight U.S. households with mortgages was in foreclosure or late on its mortgage payments in the second quarter.

  • Bernanke said that while prospects for a near-term return to growth "appear good," he isn't expecting a rapid economic recovery.

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