Hard times demand desperate measures

[Tony]

Trying to take the temperature of the economy is a fool?s game. Surprisingly resilient noises from J Sainsbury, Next and Debenhams earlier in the week have been drowned out by the latest dire figures from manufacturers. There?s no consistent pattern. But if you want to see how grim things might get, look no further than the housebuilders. This was the sector first into the downturn. Housebuilders have had longer trying to survive beneath the economic permafrost.

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