While the US and most of Asia struggle to put the inflation geenie back in the bottle, David Stevenson in Money Week heaps praise on European Central Bank president Jean-Claude Trichet, who is fast becoming the hero of inflation fighters everywhere…
Sorry it took so long to post this article. Surprised no one else has.
The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
U.S. Economic data in the first week of the New Year spelled T-R-O-U-B-L-E for both the US economy and the stock market. The December ISM report on January 2nd showed the manufacturing sector joining the housing and financial sectors already in recessionary territory.