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Thursday, April 23, 2009

Buying Less

Existing home sales were down in March. I suspect this will pick up in the Summer because that is the buying season.

Add UPS to the complete list of businesses affected by the recession, less buying means less things to deliver.

Reuters: Wall Street falters after home sales data
...existing home sales fell 3 percent in March...
Reuters: Global slump hurts UPS profit

2 comments:

Glynn Kalara said...

The only homes being built in my area are HUGE mansions. That should tell u something about who has all the cash and income . Mission Accomplished GWBV$H. All thats needed now are the titles to go along with the Estates.

Jim Sande said...

They might already have titles like Dr. or esquire, or phd.

Its good that they live in mansions, you would not want these people mixing with the regulars.