Friday, March 7, 2008

USA in recesion according to American analyzer.

FED
New working places in USA in February are with negative sign for the second serial month, and so they are making harder the speculations of the market, that the economy is in recesion. The working places in USA had decreased with 63 thousand in the previous month, which is the hardest monthly decreasing from March 2003. We will remeber that their number decreased with 22 thousands in January, and the expectings for today were in increasing direction. The news are a little bit possitive for the decreasing with unemployment of 4.9% with 4.8% in February, which is explaining the fact, that many people had refused to seach for a job.
The weaker market of the employment together with the weak presentation of the real estates, the higher price of the petrol and fuel and high interest levels of Federal Reservemortgages will bring to user's quest. The missing of new working places is the basic index, which FED is watching at the moment and decided even to take a new interest decreasing. After today's datas, futures' market in Chicago is rating to 100% the possibility of interest dcreasing with 0.50% on 18th March.
"All indexes had a red light", commented American analyzer in front of Bloomberg. "We are definitely in recesion already. I don't think that there is someone, who is not understanding this", continued he.
Just minutes before the showing of the report, from the Federal Reserve told, that they will increase this month credit auction to 100 billions USD in previously announced 60 billions USD.

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