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An Anemic ‘Recovery’

11:05 AM, Feb 26, 2014 • By GEOFFREY NORMAN
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Rodrigo Campos at Reuters reports that:

U.S. home price gains slowed in December, according to a closely watched housing survey on Tuesday that underscored a loss of momentum in the housing recovery, while consumer confidence drifted lower this month.

The weather, of course, gets the rap:

Bitter cold and serial snowstorms this winter have been blamed in part for the weakness in the housing sector ...

The “recovery” sometimes seems vulnerable enough to things like the weather that a strong wind might take it down completely.

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