Tuesday, February 28, 2012

Does Anyone Else Notice These Things?

Headline: Home Prices Are Lowest Since 2002
National home prices fell 4% in the fourth quarter of 2011, putting them back at levels last seen in mid-2002. That's the fifth consecutive annual loss and the biggest decline since 2008, when markets were in free fall and prices plummeted more than 18%.

Headline:  Flights by U.S. airlines hit 10-year low
U.S. airlines in 2011 operated the fewest number of flights since the hijack attacks on New York and Washington depressed air travel and accelerated the industry's worst-ever financial downturn, government figures on Tuesday showed.

Headline: U.S. Bank Profits Rise but Revenue Falls
U.S. banks reported growing profits in the fourth quarter but also saw falling revenue, casting a shadow over the industry's gradual recovery, a bank regulator said.

Anyone? Professor Galbraith?

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