Fears of recession in the US escalated further in January as more weak economic data was released, the housing market continued its slide, financial institutions reported more losses and equity markets sold off further. With so many uncertainties and questions about how the crisis in the financial markets will play out from here, we decided that this month's feature article should include a selection of expert insights on recent events from BCA Research, our sister company based in Canada that specialises in financial and economic research and analysis. Below we highlight BCA's views on the Fed's emergency rate cut, the US Congress's rescue package, whether the US is already in recession, the state of play in Europe and the task facing the ECB, the direction of interest rates in Japan and China, and the implications for commodity markets.
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