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History of Recession Echoes in Today’s Recession
Here in the winter of 2008 the economy is quickly slipping into a deep freeze. This time it’s different from the dotcom boom/bust early in this decade. This time it’s a banking bubble and the history of recessions shows that these bubbles bursting cause much more trouble.
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IMF Says the Recession is ON!
The International Monetary Fund said today that they believes that the US will exeprience a recession, defined as at least successive two quarters negative growth, in 2008. Of course, being the ivory tower economic analysts that they are they do not go any further than the technical definition of a recession.
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How Bad Will This Recession Be?
As most people are well aware of now there is very little doubt that we are at the start of a very serious economic downturn. Some economic forecasters sometimes paint a rosy picture of a mild downturn but, when we start looking at the cold, hard, facts, it becomes apparent that patterns that were present […]