Holiday Blues (Economic Variety)

GM is down 33% since the bailout. If you bought, I hope you sold. Ford is taking a beating, too.

As for home prices?

The pace of existing home sales plunged a record 8.6 percent in November to a 4.49-million-unit annual rate, while the median home price dropped for a fifth straight month to $181,300, a National Association of Realtors report showed on Tuesday.

And the Commerce Department confirmed that the economy shrank by .5% in Q3.

Blue Christmas, indeed.

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