December 2008 Monthly Archive
The US Fed appears to have done the unthinkable - bring interest rates close to zero. Its actions seem to be aimed at kickboxing the economy out of doldrums. Monetary easing can be an effective tool to change the trajectory of economic growth, but such low levels of interest can prove dangerous. … More…
Posted 09:04 19 December 2008 by Forex Gump
The world's fastest growing economy and its engine of growth appears to be headed for a substantial slowdown as per latest data released by the World Bank. China's exports have started shrinking and even its imports have been marked by a severe contraction. … More…
Posted 16:30 12 December 2008 by Forex Gump
If we were to go by the traditional definition of a recession, the US is still not in recession! The technical definition of recession requires an economy to contract in two consecutive quarters. That is yet to happen.… More…
Posted 10:23 05 December 2008 by Forex Gump