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Published on: Wednesday, March 25, 2009

Better than expected new home sales in the US, along with better durable goods figures were the highlights today from the US economy. "Sales remain incredibly weak but, as with the existing sales numbers, we are prepared to hazard the view that the post-Lehman meltdown is now over and the market is stabilizing," said Ian Shepherdson, chief U.S. economist at High Frequency Economics, in a note to clients. "That's not the same as a recovery, but it is better than continued declines in sales." (Source: CNBC) 


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