USA now in recession

[Troll]

Well according to Merrill Lynch it is

Link

The US has entered its first full-blown economic recession in 16 years, according to investment bank Merrill Lynch.

Merrill, itself one of Wall Street's biggest casualties of the sub-prime crisis, is the first major bank to declare that a recession in the world's biggest economy is now underway.

David Rosenberg, the bank's chief North American economist, argues that a weakening employment picture and declining retail sales signal the economy has tipped into its first month of recession.

[chef]

oh dear (tm)

strap yourselves in tightly folks, the ride's about to begin and it's gonna be a bumpy ride

Chef

[NoddY]

oh dear (tm)

strap yourselves in tightly folks, the ride's about to begin and it's gonna be a bumpy ride

Chef

Why? Recessions are opportunities to accumulate cheap assets.

[oracleslave]

Why? Recessions are opportunities to accumulate cheap assets.

Yes. My advice is BTL.

Dimprawn

[BrilloPad]

load of nonsense - shame on telegraph for printing such rubbish. I love the telegraph usually - I read on the train every day. Recession is two successive quarters on negative growth. what does 1 month prove?

Hopefully the adolescents will now be out on this thread discussing "shirt potatoes" and stuff and ruining an interesting thread.

[bored]

That's their way of begging for a rate cut...

[M_B]

load of nonsense - shame on telegraph for printing such rubbish. I love the telegraph usually - I read on the train every day. Recession is two successive quarters on negative growth. what does 1 month prove?

Hopefully the adolescents will now be out on this thread discussing "shirt potatoes" and stuff and ruining an interesting thread.

Now I'm no lover of the Torygraph, but aren't they just reporting something stated by Merrill ?

[SueEllen]

Now I'm no lover of the Torygraph, but aren't they just reporting something stated by Merrill ?

No The Torygraph has taken the quotes out of context neither of them say the US is actually in a reccession they suggest the US is in a reccession.

David Rosenberg, the bank's chief North American economist, argues that a weakening employment picture and declining retail sales signal the economy has tipped into its first month of recession.

and

"seem to have peaked around the November-December period, strongly suggesting that we are actually into the first month of a recession."

[RandyW]

Doomed I tell you...