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Mortgage News for Sunday - April 3, 2005

More Mortgage News
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• Conditions Are Right for More Foreigners to Buy Florida Real Estate
• European homes' high cost pushes buyers to creativity
• U.S. Economy: Job Gains Trail Forecast as Prices Rise
• The U.S. economy is based on borrowing
Mortgage News
U.S. Economy: Job Gains Trail Forecast as Prices Rise - 2005-04-03
Two reports showed a U.S. economy beset by slowing job growth and faster inflation.

Employers added 110,000 workers in March, the lowest since July and barely half the number expected, the Labor Department said today in Washington. The Institute for Supply Management said its index of prices paid by manufacturers jumped in March by the most in more than a year.
Read the full story at Bloomberg
 
The U.S. economy is based on borrowing - 2005-04-03
The news about the economy looked pretty good last week. The government reported the economy is on a roll again. The Commerce Department says there's a sharp pickup in the creation of jobs and we are earning more for our work.

This is good news to some people because it's an indication that the Bush tax cuts are working. But there are lots of ways to interpret these facts. The numbers I've been reading scare me.
Read the full story at Seattle Post Intelligencer
 






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