Archive for January, 2008
What a week!
Saturday, January 26th, 2008Wow. That’s all I can say after taking in everything that was this week in the markets. Monday, January 21st, saw huge sell-offs worldwide as everybody panicked over a potential United States recession. Then come Tuesday, the Fed himself panics and decides on a non-scheduled 75 basis point cut in the interest rate, the largest [...]
Rosenberg declares recession is here!
Tuesday, January 8th, 2008David Rosenberg, with Merrill Lynch, proclaimed that the often spoken recession that always seems just around the corner has arrived, in full force:
The U.S. economy has entered into its first major recession in 16 years according to David Rosenberg, chief North American economist for Merrill Lynch, who declared the downturn in a research [...]