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Wall Street will be eyeing housing data. On Tuesday, the National Association of Realtors releases its forward-looking index of U.S. home sales for November. Economists surveyed by Thomson Financial predict the index will slip after gaining for two straight months, despite the association's forecast last month that sales and prices will start rising modestly next year.
On Tuesday, Philadelphia Fed President Charles Plosser will speak in Gladwyne, Pa., on the economy, and Boston Fed President Eric Rosengren will speak in Hartford, Conn., on the economy as well. On Wednesday, St. Louis Fed President William Poole will speak in St. Louis on economic and financial literacy, and Thursday, Kansas City Fed President Thomas Hoenig speaks on the economy in Kansas City, Mo.
Lastly, on Friday, the Commerce Department reports on November's international trade and December import prices. These two pieces of data that could indicate how the weakening dollar is helping or hurting the United States' position in global commerce.
Lucky Bush can't stand for election.
This guy is bad in economic data, he barely know US economy is slowing down till Bernanke told him.
He is even worst in war strategy. His only concern, how much is the crude oil prices...the higher the better.
me veri concern as follow:
Bush is not electing tis term rite.. if so.. will he really care much abt recession. He spoke of economy is still fundamentally strong.. just tat de market havin mixed feeling. But will act upon it if necessary.
Better pictures will b next week and on his speech held 28 tis month. tis week got two crucial reports.. let's c how it goes.. hopefully... crossin my fingers.. is good news..
agree too, USA is so much more established compared to BRIC combined. if he sneezes, the whole world economics shakes
Unfortunately chongwee is so right. Both China & India still have a long way to go. Especially China need to ram up its own consumer market. The problem is Asian's savings rate is much higher than the West. Americans spend spend spend like there's no tomorrow. The majority Chinese save save save for the next generation.
You are wrong..China consumer is worth 1Trillion and India is only 650 Billion..both are too small to depend on their consumer for growth...
US is worth 9.5 TRILLION !!!!..if it is in recession the world will be in trouble...
But i think and hope not...good luck. ...i hope only after election...becos historically as somebody told me there was no recession in an election year..i think so cos the govt like ppl to vote them again so got to do window dressing of the sort...
Wall Street fell sharply Friday after the government's much-anticipated employment report showed weaker-than-expected job growth and a rise in the unemployment rate. The Nasdaq composite index, also pummeled by a downgrade of Intel Corp., skidded more than 3.5 percent, while the Dow Jones industrials fell more than 1.5 percent.
But for China, economy still shows strong uptrend and keep the higher growth rate, the recession of US economy may not affect China too much. With this reason, the market will re-focus on those China concept shares again.