reason for recession - economic meltdown

huh well the U.S economy is being stalled...there is lot of trade deficit due to this...ppl are getting more and more disturbed by this..there is also abscence of serious analysis in domestic demand throught additional credit creation..this justifies low inflation rates. ironically, the import boom in the trade deficit had been very helpful in supressing the US deflation.. a lot is spend on useless stuffs...only few of the transactions are brought to light ...it is also leading to lesser spending power to the consumer and domestic labor...recession here i think is the worst of all the times...particulary seen in the drastic shortfalls in in employment and income growth... there is need to be increase in equity prices to demoult the current reflationary accession to the globe...