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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (30978)	5/10/2005 9:00:24 AM
From: Mike Johnston	Respond to of 306849

Question for Mr. Greenspan: If housing prices are so high and so much wealth has been created, why have people suddenly stopped spending money ? May 10 (Bloomberg) -- U.K. retailers said sales fell the most in at least a decade last month, adding to evidence growth in Europe's second-largest economy is slowing. Shares of companies including Marks & Spencer Group Plc and Kingfisher Plc declined in London after the British Retail Consortium said sales in stores open at least a year dropped 4.7 percent from a year ago, the biggest decline since comparable figures began in 1995.