Monday, January 7, 2008

Increased Risk Of Recession In The U.S.

The odds a recession for the U.S. on Intrade has risen as of late. Currently it's around 57% (the chart doesn't include trading today). Looks like the housing problems could have big ramifications after all. This, of course, will be bad for Canada. Though commodity prices aren't as dependent of the U.S. as they once were. The Canadian community could quite possibly weather bad economic conditions in the United States.

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