IMF head says U.S is definitely slowing down

[lovuian]

http://feeds.bignewsnetwork.com/?sid=322021

The chief of the International Monetary Fund, Dominique Strauss-Kahn has said that he expects a serious slowdown of the U.S economy.

Strauss-Kahn, the IMF's managing director, told a panel at the annual meeting of the World Economic Forum it had become clear there would be a serious slowdown in the United States.

Strauss-Kahn said the IMF was scheduled to update its economic forecast next week, which was certain to have a lower growth figure for the U.S.

He added that although the developing economies would largely perform well, it was unlikely that they would be immune from the U.S slowdown because of their substantial links with the U.S economy.
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slow down they just can't say the word recession

[HereSince1628]

1. Yes, that's sort of what happens when you kill the goose that lays the golden egg.

US consumers were that great goose. And now after years of off-shoring they feel like they're being asked to grow tits and give milk. That just ain't gonna happen. Folks counting on US consumer's dollars had better start looking elsewhere.

[BlueJazz]

2. I truly don't care...In 4or 5 months I'll get my Rebate check for 600 big ones. I'll be Rich!

[angrycarpenter]

3. If you are blue collar there has been a downturn for at least a year

maybe more. I don't know anyone who has been given a raise in the last year and many who have lost jobs. Add to that high fuel prices and the recession has been ongoing. They are only worried now that it is hurting the rich bankers and stockbrokers.

It has been a greedfest but now the check needs to be paid. Guess who will do most of the paying.