Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (10849)	10/25/2001 12:02:21 PM
From: LLCF	Read Replies (1) of 74559

FYI: Message 16556807 <US Sept. existing home sales fall 12% By Rex Nutting Resales of homes fell 12% to an annual rate of 4.89 million in September from the record 5.54 million in August, the National Association of Realtors said Thursday. Economists had expected sales of existing homes to sink to a 5.19 million pace. David Lereah, chief economist for the realtors, said sales activity nearly ground to a halt after the Sept. 11 attacks. But now realtors say sales are coming back, "which demonstrates that the underlying demand and fundamentals of the market remain strong," he added. The stock of unsold homes represents a 5.4-month supply from 4.8 months in August. > dallas.bcentral.com Also, on the rate cut topic, isn't the ECB's mandate to protect the currency... quite different than the FED? DAK

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