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How to Tell When the Recession is Over
Government economists must be nice folks.
They’ve had to break a lot of bad news to us since this recession started over a year ago. But they’re nice. They’re breaking it to us as gently as possible.
They ask, “Do you want the bad news first? Or the really bad news?”
And Wall Street’s reflex to avoid reality is quick to ask (and all too willingly accept) for the bad news. This allows professional traders and money managers to hold off on giving up hope altogether.
It’s hope that has kept the market going so far. Hope for an economic recovery in the second…
2Mar2009 | Q1 Publishing | 0 comments | Continued
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