Fisher, Ken
September 2008
Forbes Asia;9/1/2008, Vol. 4 Issue 14, p87
The author reflects on the recession in the U.S. He stresses that the fall of U.S. stock market since last November 2007 is believed to qualify into a bear market brought by the country's economic downturn. However, contrary to some projections, the first quarter of 2008's gross domestic product (GDP) rose by 0.9%, while the second quarter also increased by 1.9%, wherein the author believes that the scenario seem to be a big correction rather than a bear market.


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