End-of-Year Rally in Us? Don't Hold Your Breath

Summary


THE news from the US gets worse.

House prices are still falling, repossessions are rising and, as a direct result of the housing bust, consumer confidence is at its lowest for 15 years.

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Extract


End-of-Year Rally in Us? Don't Hold Your Breath

At the same time, it is clear the fallout from the subprim...

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