US Housing Bloodbath
Posted on: Mar 25th, 2008 | By Contrarian Profits | Filed under Featured, Financial News, Politics & Economics
Last year was a bloodbath for US house prices.
Standard & Poor’s Case-Shiller index shows that home prices in 20 major US cities plunged 10.7% last year.
“The truth is that this whole thing comes back to central banks,” The Daily Reckoning UK’s John Stepek.
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