Texas Bankruptcy Laws

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February 25th, 2008

Confidence Plunges, Inflation Rate Soars

“Home prices across the nation and in most metro areas are significantly lower than where they were a year ago. Wherever you look things look bleak.”

No good news today on the economic front. Consumer confidence plunged, the wholesale inflation rate soared, the number of homes being foreclosed jumped, home prices fell sharply and a report predicts big increases in health care costs.

Consumer confidence weakened significantly as Americans worry about less-favorable business conditions and job prospects. The New York-based Conference Board says in a report released on Tuesday that its Consumer Confidence Index plunged in February to 75.0 from a revised 87.3 in January. Read more



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