According to an article "U.S. home sales, goods order feed recession fears" the sale of single families home in the United States have drop to a 13 year low in January and along with other problem with the U.S. people not wanting to buy goods all of this is fueling the recession fears. In a report given in front of Congress by U.S. Federal Reserve Chairman Ben Bernanke he talks about how the U.S. economy needs to have more interest rates cuts. The article states that the housing market is still dropping and if the housing market continues to weaken than the economy as a whole will continue to get weak and force into a recession.
I think that we need to work on the housing market and get that up and in a stronger state and then start working on the economy as a whole. You need to work on one thing at a time and make the economy stronger so that we can become a wealthier nation.
The article I got this information from was called "U.S. home sales, goods order feed recession fears" from http://news.moneycentral.msn.com.
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