Pending home sales sank 2.6 percent in June + Consumer spending stalls, threatens recovery = American consumers embrace the new abnormal

[mEDITate-OR:

spend the next decade trying to find out what went wrong....

While we probably ARE in an interregnum - between two recessions...

oh, we know, every body want it 2 B between one recessions and one (1) recovery...

but, these three article, particularly the third, tell U.S. a very different story.

Different reads, but important. Explanations of religious events in the Church of What's Happen'n Now!!

Or, Keep The Faith Alive.

{or something like that}

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Pending home sales sank 2.6 percent in June

Weak economy and tight lending standards kept home buyers away

The number of buyers who signed contracts to purchase U.S. homes dropped in June, as the weak economy and tight lending standards kept consumers away from the housing market.

http://www.msnbc.msn.com/id/38537351/ns/business-real_estate

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Consumer spending stalls, threatens recovery

Factory orders drop, home sales show more signs of slowing

Consumers did not boost their spending in June and their incomes failed to increase, offering further evidence that the economic recovery slowed in the second quarter.

http://www.msnbc.msn.com/id/38535803/ns/business-eye_on_the_economy

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US pending home sales fell in June

http://www.finfacts.ie/irishfinancenews/article_1020289.shtml

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American consumers embrace the new abnormal

They're worried about their finances but still buying $3 lattes and iPhones

http://www.msnbc.msn.com/id/38491769/ns/business-bloomberg_businessweek/

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