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Macroeconomics

The clouds of fiscal sadness parted ever so slightly yesterday, giving way to a stock market boost when the Commerce Department reported that whopping 3.3 percent increase in sales of new homes. Hallelujah! It really doesn't take much to get us excited these days, does it? Seriously, it's not like we'd just slogged through the slowest home sales month since 1991. Oh wait. [Mercury News]