Friday, Nov 30, 2007

America faces up to recession

MoneyWeek: Shopping spree ends as US recession looms large

As the bad news from the US piles up, the mainstream press is now buzzing with the prospect of an American recession. Investors are counting on the Fed coming to the rescue by slashing rates - but inflation pressures and the falling dollar could scupper their hopes.

Posted by mary @ 03:28 PM (297 views) Add Comment

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