January 11, 2008 |
Housing Cited as Key Risk To Local and U.S. Economies
Jeff Haynes, Reporter
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| Eric Rosengren, head of the Federal Reserve Bank of Boston, speaks at the Connecticut Business & Industry Association’s 2008 Economic Summit & Outlook in Hartford. Rosengren said the slowdown in the residential real estate sector has “heightened the risk of a more significant downturn in the overall economy.” |
By Jeff Haynes
The housing market sinkhole appears ready to gobble down the whole economy.
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