Tuesday, January 29, 2008

Durable goods orders jump, house prices slump (Reuters)



A passenger jet is seen at a Boeing facility in a publicity photo. (Boeing/Handout/Reuters)Reuters - Stronger-than-expected orders for
U.S.-made durable goods in December suggested the economy
retained some life and might not need a heavy dose of
interest-rate cuts, even though house prices fell a record
amount in November.




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