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Dating all the way back to January, an article from BBCNews.co.uk declared that the United States was officially in a recession. In January, Merrill Lynch stated in a report that the “feared recession†in the United States had indeed arrived (Recession in the US 'has arrived', 2008). While Merrill Lynch foresaw our unfortunate future, a bank that would share its fate, Lehmann Brothers, disagreed...
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In January, Merrill Lynch stated in a report that the “feared recession†in the United States had indeed arrived (Recession in the US 'has arrived', 2008). While Merrill Lynch foresaw our unfortunate future, a bank that would share its fate, Lehmann Brothers, disagreed. The president of the National Bureau of Economic Research, Martin Feldstein, stated that he believed the United States economy could avoid a true recession (Recession in the US 'has arrived', 2008)...
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