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U.S. economy is in recession

Tue, Jul 1 2008, 05:45 GMT
by Peter Mill

World-Signals®


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The crisis in the U.S. continues, as many investors do not see the bottom. The dollar stopped to lose against the euro since April 2008. After that the trading remain in the levels of 1.5280 and 1.5850. Since April is discussing whether the bottom is reached and when Fed will start to raise the interest rates due too the high inflation cause by the record energy prices. After the crash of U.S. Housing sector the crisis there spread over the rest economic sectors. We can say that the U.S. economy is in recession said George Marshal forex analyzer in World-Signals.com. The billionaire investor Eli Broad even goes further and said that the U.S. economy is the “worst period”, as the housing market recovery remain in “several years” away. In near term World-Signals.com predict that the EURUSD trading will back at the levels above 1.60, as is possible levels of 1.65-1.68.

Published on  Tue, Jul 1 2008, 05:46 GMT


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