US economy
US economy comes to virtual standstill
Submitted by MichaelVail on Thu, 01/31/2008 - 4:13pm.
The US economy came to a virtual standstill in the final three months of 2007 as the deepest slump in the real estate market for a quarter of a century acted as a brake on expansion, according to data released in Washington today.
Bank predicts Ron Paul win, US slump
Submitted by MichaelVail on Thu, 12/27/2007 - 11:24am.
Denmark-based Saxo Bank predicts Ron Paul presidency in 2008, saying US economy will plunge into a depression prior to the election.
'US economy closing to recession'
Submitted by MichaelVail on Wed, 12/12/2007 - 8:11pm.
The US economy can slide into a recession if the increasing unemployment rate continues, says the third richest person in the world.
"If unemployment picks up then we could be in for a recession," billionaire investor Warren Buffett told CNBC television on Tuesday.
Why America's Currency Is the World's Problem
Submitted by MichaelVail on Fri, 11/30/2007 - 8:07pm.
The ailing US economy seems to be driving the exchange rate of the dollar inexorably downward, with serious consequences for the global economy. Politicians and central bankers are looking on helplessly as the economic outlook worsens by the day and European companies rack up huge losses.
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