Global Recession Risk Grows as U.S. `Damage' Spreads

Global Recession Risk Grows as U.S. `Damage' Spreads

www.bloomberg.com

Jan. 28 (Bloomberg) -- The U.S. economy may already be in recession; other countries might not be far behind.

Japan, Britain, Spain and Singapore, which together represent about 12 percent of the world economy, are vulnerable as fallout from the U.S. worsens their economic weakness. Even emerging markets, including China, are likely to suffer as exports to the U.S. wane.

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I don't quite understand why the people who supposedly run our economy can't say for sure if were in a recession or on the edge of going into a recession.

Rising cost of food, rising cost of fuel, unemployment rates, job losses..sure looks like a recession to me.

www.bloomberg.com
(visit the link for the full news article)

The US is already in a recession. The average household lost 1000$ of income since 2001. And since 2001, we're supposed to be in a booming economy! Yay sure.

The FED created the whole bubble by reducing the interest rates and not looking at the credit of those they were giving the loans.

When the economy collapse, they will sell everything of importance to foreigners, then they will bring the Amero or a new ``dollar`` of north america, to merge with Canada and Mexico to ``compete`` with the EU and China. Then we'll have a new constitution and a new parlement like in Europe. Then the US will be on the way to not exist anymore.

Originally posted by Vitchilo
When the economy collapse, they will sell everything of importance to foreigners, then they will bring the Amero or a new ``dollar`` of north america, to merge with Canada and Mexico to ``compete`` with the EU and China. Then we'll have a new constitution and a new parlement like in Europe. Then the US will be on the way to not exist anymore.

I think you summed it up perfectly. How long do you think it will take them to make this 'collapse' complete? It's widely agreed that the so-called 'stimulus package' will only make things worse in the long run, so one can only assume everything is going as planned.