Debt Rattle, April 24 2008: Mania Psychology and Its Aftermath

Hunger line 1932 Ilargi: OUCH!!New-home sales down 36.6%, prices fall 13.3% Despite huge price declines, inventory on market rises to 27-year highU.S. home builders have slashed their prices by a record amount, but sales still plunged by 8.5% to a 17-year low in March, the Commerce Department estimated Thursday. The decline in new-home sales to a seasonally adjusted annual rate of 526,000 was