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Tag: U.S. Recession

Economists see longest U.S. recession since WWII

Sat Jan 10, 2009 12:01am EST
By Emily Kaiser
WASHINGTON, Jan 10 (Reuters) - The U.S. recession will probably be the longest since World War Two and could worsen without heavy government spending, according to a closely-watched survey of economists released on Saturday.

Rogers Says Dollar to Be ‘Devalued,’ Buys Commodities (Update1)

By Ron Harui and Mike Schneider
Nov. 25 (Bloomberg) — The U.S. dollarwill be “devalued” as policy makers seek to weaken it, undermining the greenback’s role as an international reserve currency, said Jim Rogers, chairman of Rogers Holdings in Singapore.

Yen Gains as Deepening U.S. Recession Curbs Carry Trade Demand

By Stanley White and Ron Harui
Nov. 25 (Bloomberg) — The yen rose before U.S. reports today that economists forecast will show the recession in the world’s largest economy is deepening, prompting investors to cut holdings of higher-yielding assets financed in Japan.

Dollar Weakens Versus Yen, Euro as U.S. Recession Deepens

By Ron Harui and Candice Zachariahs
Nov. 24 (Bloomberg) — The dollar fell against the yen and the euro on speculation a U.S. housing report today will add to evidence of a deepening recession in the world’s biggest economy.

Yen Heads for Third Weekly Advance on U.S. Recession Concern

By Ron Harui and Stanley White
Nov. 21 (Bloomberg) — The yen headed for a third weekly gain against the dollar and the euro on speculation slides in global stocks will prompt investors to sell higher-yielding assets and pay back loans in Japan.