An analyst with Moody’s said today that the US housing crisis is not over and will continue well into 2010. “I don’t think the housing crisis is over,” said Mark Zandi, chief economist with Moody’s Economy.com. “I think we’re going to see another leg down.” An index measuring November homebuilder confidence came in lower than the median forecast of 45 economists this week. The Commerce Department on Nov. 18 said residential building dropped 11 percent in October to the lowest level since [...] read more
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Posted by Scott Boyd at 12:01 pm EST, 11/20/2009
Posted by Scott Boyd at 9:16 am EST, 11/20/2009
Posted by Scott Boyd at 9:11 am EST, 11/20/2009
November
20
Today’s Global
Market Events
Market Events
8:30 am
CAD
Core Retail Sales m/m
0.5%
0.5%
CAD
Retail Sales m/m
0.8%
0.8%
10:00 am
USD
Existing Home Sales
5.57m
5.57m
6:00 pm
AUD
CB Leading Index m/m
1.8%
1.8%
