Thursday, May 24, 2007

CNN Is Still Flummoxed By Econ 101

New home prices plunge, sales soar

A big drop in the price of the typical new home sold in April spurred much better than expected sales

"You mean," says a puzzeled CNN staffer, "when prices drop people will be more disposed to buy?"

Yes, that's it exactly.

"Hmm....I still don't get it."

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