US Economy: Is the Party Over?

Published in Business Line on Oct 02, 2007

The answer to the above question should not surprise regular readers of my column. In fact, if anybody had taken a keener interest in observing real-world data (instead of the Fed massaged data), it should have been obvious quite sometime back that the US Economy is in serious trouble.

What, however, is going to surprise most people is that depth of the Recession that lies ahead and the soaring consumer prices that is going to accompany the recession.