Daily Archive for January 23rd, 2008

Recession Shadows

By GEORGE ALLYENE
Wednesday, January 23 2008
www.newsday.co.tt

Financial ComplexMonday’s rapid fall of stock indices internationally, provoked by a severe and lingering contraction of the United States economy, the world’s largest consumer market, has seen the lengthening of recession shadows over, not only the US, but Europe and Asia as well. In line will be Latin America and Trinidad and Tobago and the Caribbean as the US economy, troubled by a pronounced slow down in housing unit starts urged on by a credit squeeze and a fall off in jobs and, consequently, earnings, has not given any indication of righting itself.
Continue reading ‘Recession Shadows’