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US, Britain 'are already in recession'
by RB on Jul 09, 2008 01:48 AM   Permalink | Hide replies

The economy started shrinking last month and will continue to contract until Spring 2009, according to one of the world's major investment banks.

* Remortgaging falls as confidence hits low

* Consumers turn to credit cards in crisis

* Separating couples still live together

* Housing slump spreads to mansions





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  RE:US, Britain 'are already in recession'
by Loan Shark on Jul 09, 2008 07:43 AM   Permalink
so what? US economy has been in recession 5 times since 1960 .... it is part of being a stable economy that they go into recession and then they come out of it.

USA has a per capita annual GDP of $44,000

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