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Reply to: USA now in recession
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Previously on "USA now in recession"
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Originally posted by M_B View PostNow I'm no lover of the Torygraph, but aren't they just reporting something stated by Merrill ?
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.
"seem to have peaked around the November-December period, strongly suggesting that we are actually into the first month of a recession."
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Originally posted by BrilloPad View Postload 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.
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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.
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Originally posted by NoddY View PostWhy? Recessions are opportunities to accumulate cheap assets.
Dimprawn
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oh dear (tm)
strap yourselves in tightly folks, the ride's about to begin and it's gonna be a bumpy ride
Chef
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USA now in recession
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.Tags: None
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