Home > American finance > End of recession in the US? Hell no.

End of recession in the US? Hell no.

July 31st, 2009

There’s a excellent article by Tyler Durden at ZeroHedge about the current state of the American economy. It covers basically all the relevant statistics that is used by economists to predict the future. It doesn’t look good, at all.

Read up: http://seekingalpha.com/article/151427-the-end-of-the-end-much-needed-perspective-on-recession-is-over-debate

So what does this mean? Well, I’m suspecting both the American markets and the USD should be hit by this in several stages over the years to come. Sure, last time (this fall) the USD strengthened as the crisis worsened. I’m predicting the opposite now as the majority of investors is starting to doubt the greenbacks long term value. I don’t think USD denominated equities and bonds will be seen as the safe haven it have often been in the past.

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