The U.S. economy is in recession

The latest economic data show that U.S. economy is in recession. The rich economic reports from Wednesday show the 3-years bottom of U.S. Retail Sales. The sales of new cars are also down as everyone is looking for exit by the deep credit crisis. The Federal Reserve's index of New York manufacturing fall to –24.6 a record low level. The major U.S. companies continue existing due too the outside United States productions and sells. The U.S. economy is at the bottom and will pass couple of months when the economic start raising said George Marshal forex analyzer in The recession from United States is on the way to come in Europe. Therefore we can see the Euro to fall to the levels below 1.30 trading at the moment at 1.35/36.

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