Economic Pessimism Grows as Nation’s Real Estate Slump Hits Wealthy Areas
Public assessments of the nation’s economy have fallen to a two-year low. Faced with a steady stream of negative news about the housing market, Americans are substantially less inclined than they were even a few months ago to say they expect home prices to rise over the next few years.
How the Press Described that 400 Point Drop in the Dow
“Correction” edged out “plunge” as the most used term, according to a Project for Excellence in Journalism search of stories on Google News for Feb. 27 and Feb. 28.