Tuesday, April 08, 2008

Economic woes

Economic news continues to look bleak, with the latest Federal Reserve minutes indicating some concern about the possibility of a "severe and protracted downturn."

Here in Vegas, anecdotal evidence I'm hearing from a variety of people I know who work in retail suggests that things are slowing down. And in the housing market, the Las Vegas Review-Journal reports today that existing homes are now selling for less than it would cost to build new ones.

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