Market News - US going to recession again?
Posted On Monday, February 25, 2008 at at 2:32 PM by Finance AnalysisIt seems like Asian stock indexes will be unnerved by fresh signs that the US is tipping into a recession yet again.
Job growth is faltering, oil price raising, consumer confidence plunging. The fallout from the worst housing slump in a quarter-century grows. Wherever you look, the signs are unmistakable that the economy is in trouble. Because of all the bad news, more and more economists foresee the US falling into a recession.
Short term lookout for STI stands at 2780 points with a resistance at will be at 3160 points.
