Chris Cantell Discusses Financials: New released data can help to American economy by Ivana Bruderova

American Wall Street has been pending an important four quarter results of many great companies which could tip the scales or prejudice American economy, now affected with well known mortgage crisis. Many analysts were talking about recession the economy is lunge to, others were just waiting what the news will bring. "I think we are going to look back on four-quarter earnings and instead thinking the recession is coming if there is one, it already started." said JPMorgan equities analyst Thomas J. Lee. Many the most prestige banks as the Citigroup Inc., JP Morgan Chase and Co. and Washington Mutual Inc. apart, their data will announce companies such as Intel Corp. and General Electric Co.Moreover the government will release it's monthly data - retail sales, producers prices, consumer prices and home construction. The economist believe the released data could help to economy, especially moderate inflation which has been increasing in the last months. The economists predict that the most discussed topics housing starts and building permits will recede into the background. Many factors influence American economy including mortgage crisis, increase of unemployment and some of American activities abroad caused it's developnent in last months. Economists believe the new released data will help economy to uprise more quickly.

by Ivana Bruderova for PocketNews (http://pocketnews.tv)

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Edited by: Katarina Zerzanova