Friday, February 22, 2008

Something evil this way comes…………..

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 (621 views)
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4 thoughts on “Something evil this way comes…………..

  • of course it is, even the poor man on the street can tell them this…. OMG how thick are the FED and bushes lot?…………….

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  • ”…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.

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  • 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 … “

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  • 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…

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