Economic Statistics for 21 Mar 12
The following statistics were released today on the state of the US economy:
A 13 basis-point rise in interest rates in the past week drove mortgage applications down -7.4%, the Mortgage Bankers Association reports. The purchase index fell -1.0%, the refinance index dropped -9.3%.
Existing home sales for February fell -0.9% to a 4.59 million annual rate. Sales are up 8.8% from a year ago.
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Dale Franks
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The Joint Commitee on Taxation yesterday reported that the “Buffett Rule” would generate less than $5 billion per year.
Let’s see that’s about 0.3% of the deficit. What about the other 99.7% ?
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