Its been sad to hear about the decline of the U.S Economy. The Recession in the U.S economy has been very much strong. The U.S currency market , the housing market, the Investments Market and every other market in U.S has been affected due to the slump in U.S economic-trade cycle. The Share-Market is one of the major loss to the U.S economy. The growth in the stock-market is very slow and as a result, technology, Healthcare and consumer companies have revived their concern for the profits. Technology Market is badly affected due to dump in the economy.
Texas Instruments Inc which is the second largest U.S chip-maker has tumbled down with very few orders. Since dollar is down, Oil has risen. The Crude oil supply for the month of May has been 2.1 percent as the dollar dropped toa n all-time low against the Euro encouraging interest in commodities as an inflation hedge. And on the other hand the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite Index ..have decreased to 0.9 percent, 0.8 percent and 1.3 percent respectively.
The predictions, the estimations all are going against the expected results. Mike Ryan the New-York based head of Wealth Management Research for UBS Financial Services America has pointed out that ``Earnings and earnings estimates are coming down, which oversees about $734 billion and we're likely to see stocks continuing to be under pressure.''
So, I feel think twice before you think of U.S stocks,currencies or anything related to United States of America.
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