the visible hand

it is the theory which decides what can be observed – einstein

Merrill Lynch says the recession is already here

Posted by ecoshift on January 8, 2008

BBC NEWS | Business | Recession in the US ‘has arrived’
Tuesday, 8 January 2008, 23:01 GMT

Merrill said Friday’s employment figures confirmed the recession.  The feared recession in the US economy has already arrived, according to a report from Merrill Lynch.

It said that Friday’s employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.


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