Posts Tagged ‘liar loans’
Dominating the news on Monday January 21, 2007 – a day when the stock market is closed in the United States – is news about huge market losses in other countries. No longer a “fear of recession”, it is plain that recession already hit the United States. One report says if the recession lasts longer than nine months it will cause another global economic problem. Others theorize that the United States has been in a recession since 2001, masked by ‘free money’ from the housing market. Here is what happened around the world in the markets on Monday: