Tuesday, May 15, 2007
US economy takes another hit.
I thought before I posted this one. The US economy is facing a number of threats and then petrol prices suddenly rise - this may hit the US consumers' confidence. Link to Alan Greenspan's recent comments, see: http://www.telegraph.co.uk/money/main.jhtml;jsessionid=UL3A2YKIWU03DQFIQMFCFGGAVCBQYIV0?view=DETAILS&grid=&xml=/money/2007/05/11/bcngreen11.xml. I feel the risks to the US economy are increasingly on the down side. How will a recession in the US effect us?