There are bad signs in the latest economic figures people are buying fewer homes, businesses are ordering less. According to the latest cbs news poll, more than onethird of americans believe the economy will never get better. Ashley morrison is in new york with more on this story. Good morning. Good morning. Like the name suggests, a double dip recession is when the economy starts to recover only to fall back. With the bad Economic News continuing to pile up, fears are rising thats exactly where were headed. Reporter despite cheaper prices, an alltime low mortgage rate, new home sales fell more than 12 in july to the lowest level on record. Home values have dropped 30 since their peak in 2006. But even more worrisome, manufacturing activity, which had been one of the economys few bright spots s slipping. The economy has grown for a full year now but the pace of growth has slowed significantly. We had a stronger First Quarter than a Second Quarter. What that makes us worried about is th
according to the latest cbs news poll, more than one-third of americans thing the economy will never get better. ashley morrison is in new york with more. good morning. good morning. like the name suggests, a double dip recover only to fall back. with the bad economic news continuing to pile up, fears are rising that s exactly where we re headed. despite cheaper prices, an all-time low mortgage rate, new home sales fell more than 12% in july to the lowest level on record. home values have dropped 30% since their peak in 2006. but even more worrisome, manufacturing activity, which had been one of the few bright spots, is slipping. the economy has grown for a full year but the pace of growth has slowed significantly. we had a stronger first quarter than a second quarter.5g the latest cbs news poll also ask americans about zero. they have come together to form a new coalition which include some families of 9/11 victims. this morning a new york city college student is held
like the name suggests a double dip recover only to fall back. with the bad economic news continuing to pile up fears are rising that s exactly where we re headed. despite cheaper prices an all-time low mortgage rate new home sales fell more than 12% in july to the lowest level on record. home values have dropped 30% since their peak in 2006. but even more worrisome, manufacturing activity which had been one of the few bright spots, is slipping. the economy has grown for a full year but the pace of growth has slowed significantly. we had a stronger first quarter than a second quarter.5g the latest cbs news poll also ask americans about plans to build an islam center including a mosque, two blocks from ground zero if new york. 71% say a mosque should not be built so close to the 9/11 attacks. the poll also found 24% of americans have a favorable impression of islam. 39% unfavorable. on wednesday supporters rallied near ground zero. they have come together to form a new coal