Signed, Sealed, Delivered It’s a Recession
April 18, 2008 by Editor · Leave a Comment
No ifs ands or buts about it, the U.S. economy is in a recession. In February the economy lost 63,000 jobs, after losing 22,000 jobs the month before. A recession has never failed to follow two consecutive months of jobs loss. And not just construction jobs were lost—manufacturing and retail jobs disappeared as well.
Investment houses—Goldman Sachs, JPMorgan Chase, Lehman Brothers, and Morgan Stanley—and Warren Buffet, the sage of Omaha and the world’s most successful investor, have already declared the economy in a recession.
When the Business Cycle Dating Committee of the National Bureau of Economic Research,…the research organization designated by the Commerce Department [Read more...]
by John Miller | www.dollarsandsense.org
Stocks Plunge Worldwide on Fears of a U.S. Recession
January 22, 2008 by Editor · Leave a Comment
FRANKFURT — Fears that the United States is in a recession reverberated around the world on Monday, sending stock markets from Bombay to Frankfurt into a tailspin and puncturing the hopes of many investors that Europe and Asia will be able to sidestep an American downturn.
On a day when United States markets were closed in observance of Martin Luther King’s Birthday, the world’s eyes were [to read more]
By Mark Landler and Heather Timmons | www.nytimes.com | Published: 21 January 2008
