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Exclusive Government Update
“The Sky Is Blue, Water Is Wet … and the U.S. Economy Is Officially In Recession”
Things are so bad now that even the government has had to admit the painfully obvious: the U.S. economy has ground to a halt and is now trying out the reverse gear. According to the official numbers, it’s going backwards at the rate of 0.5% as per the third quarter.
Bloomberg, eminently more sensible than the government, claims the recession actually began in 2007 which makes it the longest recession in nearly 20 years – already!
Aside from the negative GDP growth, the most worrisome number in…
4Dec2008 | Oxbury Research | 0 comments | Continued
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