Links for last week of Nov 2007

There have been recessions without such a large impact on housing, most notably the 2001 downturn. But the housing market has never done this poorly without a recession starting....full story from NY Times

Fannie Mae and Freddie Mac are in no position to bail out the housing market ....full story from Washington Post

Winners and losers as $100 oil approaches read full story fromMarketwatch.Com

Euro-Zone Banks Hoard Cash,Prompting ECB to Take Steps ..full story from WSJ.Com


U.S. consumers spent $10.3 billion on holiday purchases the day after Thanksgiving, 8.3 percent more than a year earlier... full story from Bloomberg.Com