Friday, Feb 22, 2008
Something evil this way comes..............
Telegraph: Severe US recession may already be underway
''...A severe recession may now be under way in the United States, according to a closely watched economic barometer.
The Philadelphia Fed warned late yesterday that the manufacturing sector in the key heartland of the US is suffering its lowest output for seven years - a firm sign that the world's biggest economy is now shrinking, experts said....''
Posted by hpwatcher @ 10:04 AM (300 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark said...
of course it is, even the poor man on the street can tell them this.... OMG how thick are the FED and bushes lot?................
2. hpwatcher said...
''...OMG how thick are the FED and bushes lot?...................''
I don't think them thick, but I definitely think them arrogant, out of touch and incompetent.
3. paul said...
Interestingly of course, there will almost certainly not be an announcement or public address from the US to say "We Are Officially In Recession". Of course there are some recognised official economic measures, but again, expact those to be manipulated and discredited along the way while the US Administration squirms on the hook.
In other words, no-one is going to step up to proclaim that the US is in recession. Instead, one day in five years time, someone in the public eye will glibly mention "Well of course the US was in deep recession from the end of 2007 ... "
4. mark said...
i think people would respect Bush, if he stood up and said, we made a boob, i am sorry... we are screwed like japan was some years ago...