The False Rebound

by Benjamin Domenech on 5:37 am July 2, 2010

Rough news: “The number of pending home sales plunged 30% in May from April, to the lowest level since at least 2001,” “a closely watched index of factory activity suggested that manufacturing, which has been leading the economic recovery, may be losing momentum,” “U.S. car sales dropped in June” and “first-time jobless claims increased.”

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