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View Full Version : The US economy went into recession in the first quarter of 2007



Aurakill
05-19-07, 05:10 AM
New Europeans Magazin
May 18

The US economy went into recession in the first quarter of 2007 (http://www.newropeans-magazine.org/index.php?option=com_content&task=view&id=5748&Itemid=85)

As reveals the study conducted by LEAP/E2020, namely via calculations in world's five main currencies (US dollar, Euro, British pound, Yen and Yuan), the US economy actually went into recession during the first quarter of 2007.



It is indeed during this period that the value of the US GDP started to decrease when calculated in three of the four non-USD currencies, that is in Euros, Pounds and Yuans (see 2000-2007 comparative tables below). The LEAP/E2020 researchers estimate that this tendency will increase in the second and third quarters of 2007 and show it in the present issue of GEAB: during the second quarter, the recession will be confirmed in the four non-USD currencies -including in Yens, leading the US straight into the “very great depression” anticipated in GEAB N°11 as early as January 2007. ........


D.D.Grant
Home Foreclosures (http://www.home-foreclosures.blogspot.com/)