What is next for the U.S. economy?

While the rest of 2008 looks tough and the fire sale of Bear Stearns to JPMorgan Chase has added to pessimism, the darkest clouds may be lifting on the horizon.

More info:
1. World food prices soar as Asia consumes more data: 07.04.08
Price rises are leading to protests and some governments are responding with controls on prices and exports.

2. U.S. equity loans are next round in credit crisis data: 27.03.08
Lulled by good times, millions of Americans borrowed — sometimes heavily — against the roofs over their heads. Now the bill is coming due.

3. Asian shares drop on concern over bank earnings data: 27.03.08
Bank stocks like Mitsubishi UFJ and Macquarie Group were among the biggest decliners following the bank downgrades, a profit warning from Deutsche Bank and comments from European central bankers that there was no end in sight to the global credit crunch.

4. Chaos complicates life for Walsh, chief executive of British Airways data: 07.04.08
The financial year just ended was supposed to mark a turnaround but just when Walsh should have been planning celebrations, he was juggling record fuel prices, economic malaise and Terminal 5 troubles.

5. Record oil price drags down U.S. stocks data: 10.04.08
Oil prices surged to a fresh record high, piercing $112 a barrel at one point, on Wednesday as a new spate of recession fears and a bleak corporate profit outlook pulled down U.S. stocks.

6. Americans begin to face the pain of an overvalued house data: 27.03.08
Homeowners sometimes lose sight of the fact that their home is only a house to most buyers, especially when prices are falling.

7. Pssst - Want an unlocked phone? data: 27.03.08
Wireless carriers often offer customers cheap or free phones in exchange for multi-year contracts, but then the phones are technologically "locked" - the subscriber cannot cancel the contract and sign up for service with another company.

8. For bargain-basement America, foreign investment no panacea data: 07.04.08
Americans often have an ambivalent relationship with the global economy, which has been coming into focus amid a surge of European and Asian acquisitions of U.S. companies

9. Bank crisis puts New York office market on precipice data: 27.03.08
The New York office market can withstand the fire sale of Bear Stearns, but if other financial firms disintegrate, the market could face a sharp decline.

10. Britain's financial regulator to hire more supervisors data: 27.03.08
The Financial Services Authority issued a report that found its supervision of Northern Rock was inadequate.


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