Wednesday, July 16, 2008

Fabian Perez paintings

Fabian Perez paintings
Francois Boucher paintings
around. Tax cuts, interest-rate cuts and other issues were at the top of the agenda for lawmakers in Washington, and a primary focus of the Federal Reserve. Now, with lower Manhattan resembling a bombed-out war zone and consumers scarred deeply, many on Wall Street expect the U.S. economy will experience at least six months or more of negative growth this year, the textbook definition of recession. "The chances of a real recession are many times higher than they were before," said Roger Kubarych, chief U.S. economist for HVP Group in New York. Expectations of a ReboundBut it's not all doom and gloom. On the contrary, several analysts noted that, while the short-term outlook for the economy and financial markets will likely be volatile and potentially negative, expectations for the longer term

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