Housing takes a dump, fracking takes losses

"Slump in US Home Sales Sparks Fresh Worries About the Economy"

By Jason Lange...Reuters...Mar 21, 2016...1:32pm EDT
"U.S. home resales fell sharply in February in a potentially troubling sign for America’s economy which has otherwise looked resilient to the global economic slowdown.
...existing home sales dropped 7.1% to an annual rate of 5.08 million units, the lowest level since November...
...Sales fell across the country in February, including a 17.1% plunge in the U.S. Northeast..."

And frackers are taking losses:

The U.S. mining industry—a sector that includes oil drillers—lost more money last year than it made in the previous eight.

Mining corporations with assets of $50 million or more recorded a collective $227 billion after-tax loss last year, according to Commerce Department data released Monday. That loss essentially wipes out all the profits the industry had made since 2007. 

Housing was that last bright spot on the economy.  Fracking was what got us out of the oil squeeze of 2008.  Whoops on both accounts.