Progressive Following on Reddy Ice Holdings Inc.

0 Comments | M2 Presswire, January, 2008

M2 PRESSWIRE-10 January 2008-Streetinvesting.com: Progressive Following on Reddy Ice Holdings Inc(C)1994-2008 M2 COMMUNICATIONS LTD

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Wednesday brought about a moderate rebound following a Tuesday tumbling amid questions in regards to the strength of the economy and the soundness of upcoming corporate earnings reports. In keeping with that thought, Goldman Sachs on Wednesday announced that they expect the U.S. economy to drop into recession. They also stated that the unemployment rate will rise to 6.5 percent in 2009 from the current 5 percent. However, Goldman's economists felt the silver lining in all of this is that the recession is likely to be relatively mild according to historical standards, and the economy will eventually walk out...