The US Economy

Current opinion: Bearish

Bullish Arguments: 

• Oil is currently trading below 50 dollars a barrell. This is helping consumers and airlines. Reuters: Stocks surge as investors bet on consumer spending
• Reuters.com:  Treasury says bank rescue a success so far

Bearish Arguments: 

• The US recession is likely to worsen before it recovers. Bloomberg.com: Obama Warns Economy Will Worsen Before Recovery 
• The Worst Is Yet To Come: Anonymous Banker Weighs In On The Coming Credit Card Debacle
• Reuters.com: Financial bailout still faces challenges: Paulson
• Reuters.com: Grim jobs data stokes fear around world
• (Dec.09.08): Jobless claims continue to rise. Unemployment is going to severly hit the economy. Reuters: Jobless claims likely surged last week: Gallup

Current Analysis: Currently None

Additional Relevant Articles: 

• (Dec.09.08): Reuters: NFL cuts jobs as economy woes touch down