The best and worst performing financial credits of 2007
The best and worst performing non-financial credits of 2007
THE POSSIBILITY OF a recession in the US is becoming less a question of “if” than of “for how long?”. The safeguard against a US recession, the awesome power of the US consumer, has been diminished. Consumers account for more than two-thirds of US economic activity, and after the worst Christmas for retail sales in five years there is now a genuine fear that a heavy recession is about to, or indeed already has, enveloped the world’s biggest economy.
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