ASSESSMENTS

The Recession and the United States

May 4, 2009 | 15:22 GMT

special series recession revisited

Summary

The liquidity crisis caused by the American subprime problems is over, leaving the American economy on more familiar ground. Luckily American recessions all end the same way: with the American consumer picking up their pocketbooks again. Editor's Note: This is the first part in a series on the global recession and signs indicating how and when the economic recovery will — or will not — begin.

The road to recovery lies in the hands of the American consumer....

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