- 742,000 jobs were lost in the U.S. on a seasonally adjusted basis in March, up 36,000 from last month's revised figure of 706,000
- January 2009 housing prices fell 19% (this negates the positive aspect of higher new home sales and new existing home sales
- A phased GM bankrupcy. Splitting the "good" assets from the "bad" would be the best approach in enabling the market to determine asset values.
2 - Source: "The New Year Didn’t Change the Downward Spiral of Residential Real Estate Prices According to the S&P/Case-Shiller Home Prices Indices"
Graph illustrating the hardest hit cities:
The U.S. government employment figures will be released this Friday.