Can the US really avoid recession?

The severe correction in growth stocks that began in March of last year gathered pace as the year progressed and has continued into 2001. Throughout this period, strategists have pointed to a variety of causes of this bear market, including the threat of inflation, the risk of rising interest rates, and the political farce that emerged following the Presidential elections. However, as last year drew to a close, the underlying reason for the slump emerged à the rate of economic growth has slowed dramatically. Having struggled to slow the economy through a prolonged series of interest ra...