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SugarMyChurro -> Shop untill you drop! (4/24/2008 10:09:34 AM)
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The Great Depression: The sequel
http://www.salon.com/opinion/feature/2008/04/02/depression/
Most economists are no longer debating whether there will be a recession in 2008. Now, they're arguing over when the recession started -- was it last November, or December? -- and how bad it's likely to get. While they bicker, however, a far more terrifying economic specter from the distant past has sent a chill through the infosphere.
"We have not seen a nationwide decline in housing like this since the Great Depression," said the CEO of Wells Fargo late last year. "It is now clear that the U.S. and global financial markets are experiencing their worst financial crisis since the Great Depression," wrote economist Nouriel Roubini last week.
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Keep on with the force don't stop
Don't stop 'til you get enough
- Michael Jackson
I'd like to propose a policy of continual war on at least two fronts, deregulation of all big businesses, decimation of the new deal and - read my lips - no new taxes!
You can find me in the White House next year...
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