It’s been grim reading about the US economy for quite some time.
Recent data showed the economy nosedived in the last few months of 2008. GDP fell by a jaw-dropping 6.2 per cent, one of the weakest quarters since the Second World War.
News-flow from the pivotal housing and jobs markets has been unrelentingly weak. House prices are still on the way down, having fallen nearly 30 per cent from their high point in the...
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