Dec 30

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Consumer Confidence Hits Record Low

More gloomy news emerged on the U.S. economic front Tuesday as consumer confidence fell to a record low in December and new data showed home prices dropped by the sharpest annual rate on record in October.

Question/Comment: Have we ever been this close to socialism before? Referring, of course, to all of the bail outs and attempted influence on the “free” market. Paul Solman: It’s an intriguing question, Dave. Yes, I think the New Deal was…

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