Results 1 to 3 of 3
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Threaded View
-
01-23-2008, 08:24 PM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Merrill Economist Forecasts Worst Recession in 25 Years
Merrill Economist Forecasts Worst Recession in 25 Years
David Rosenberg, chief economist for Merrill Lynch, has issued a stark warning: the U.S. is heading for the worst consumer-driven recession since 1980.
What’s more, said Rosenberg, neither aggressive interest rate cuts by the Federal Reserve nor a federal fiscal stimulus package will stop the momentum.
“The recession in housing has spilled over to the rest of the economy, in our view. We now expect an outright contraction in economic activity in the first three quarters of 2008. This downturn should be led by consumer spending,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Migrant children in Massachusetts lived among sex predators as...
05-19-2024, 11:33 AM in illegal immigration News Stories & Reports