Latest Headlines On The Recession – 5/17/08

Posted: May 17, 2008 in Uncategorized

JP Morgan’s Dimon: Recession is just starting
BloggingStocks – USA
JP Morgan (NYSE: JPM)’s CEO Jamie Dimon recently stated that the recession in the American economy is “just starting.” As if to confirm Dimon’s pessimistic

Alan Greenspan Say “Pale Recession” May Last Through Year
Bloomberg – USA
Former Federal Reserve Chairman Alan Greenspan said the U.S. has slipped into an “awfully pale recession” and may continue to languish for the rest of the year…

US likely to see a recession this year
Mortgage Strategy – UK
In its interim management statement, the bank says the deterioration of the US housing market will not only extend into 2009, but will lead to a recession.

Positive response to the warnings of the recession…

Super Rich Not Noticing Recession
Economic dowturn has little impact on wealthy Americans who specialize in spending…


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