2008-10-18 U.S. economy is still elasticity
In the recent several weeks, we can see that The largest andthe most famous financial houses either bankrupted or be purchased were acquired , Wall Street's main stock index followed the devaluation  byabout one-third. At present, the unemployment is rising, consumer’s  spending is declining,More and more houses in U.S. are confiscated.
Economic growth has slowed to almost a standstill level. Some economists believe that the United States is entering a recession, or may have been in a recession.

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