Philly Fed head Plosser says housing market will bottom out this year and Wall Street will slowly regain balance. Report: Home foreclosures skyrocketed by more than 81 percent in 2008. Report shows reduced or low activity across most industries, although a few districts reported some exception in certain sectors. The decline hit auto sales, the majority of manufacturing and most tourism, the report says. The three states hit hardest by foreclosure in 2008 were Nevada, Florida and Arizona. California had highest total number of filings for any state.”]
Source: https://www.cuinfosecurity.com/philly-fed-head-sees-recovery-this-year-a-1159