A ray of hope for US economy

House prices in the US are not falling by as much as they were, and the overhanging stock of houses has come down.

30th August, 2008

House prices in the US are not falling by as much as they were, and the overhanging stock of houses has come down.

The last five days have given a very useful insight into the current health of the US economy. Today, there are widely differing views on the next steps for its economy.

Ken Rogoff, formerly of the International Monetary Fund (IMF), managed to upset financial markets with a doom-laden pronouncement of a sagging...

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