Monday, February 26, 2007

Quick Overview

  • Greenspan told a business conference in Hong Kong the U.S. economy may be about due for a recession.

  • Japan's Chief Cabinet Secretary Shiozaki suggested the end of deflation is in sight.

  • If the politicians in Washington do nothing, 23 million Americans will get hit by the alternative minimum tax next year, up from 4 million this year.

  • Concern about subprime mortgage defaults continue.

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