GDP Saved by TRADE!

27 March 2008 @ 10:15 am EDT

As the housing market freefall deepened in the last quarter and the subprime crisis emerged to the surface in August of last year, the US economy took a doomed U-Turn into recession, and so far there is no light seen at the end of the tunnel. The Feds since then have slashed a total of 3.0% of their benchmark to now at 2.25% and still seemingly we are heading to contraction ending a six-year expansion phase.

For more forex information, go to www.ecpulse.com

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