U.S. credit crisis easing, Merrill CEO says

“I believe the combination of falling home prices, rising food and energy prices and higher unemployment will result in a pull back on the part of the U.S. consumer, which will continue to exert a drag on the economy over the next 6-12 months”

MUMBAIThe U.S. credit crisis is easing and the risk in its housing market is dramatically lower now, but economic growth will remain under pressure over the next year, the chief executive of Merrill Lynch & Co ... via The Toronto Star