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Economic Depression?

Thu, Mar 12, 2009

Real Estate News

The months following the collapse of the credit markets have brought us further confirmation that we are headed for a depression. GDP, retail sales, commodity prices and market sentiment all point to a depression. The situation we are in is much more than an average recession, because we are in the process of deleveraging (a situation where more debt is payed back than is taken out). Having been revised from a previous -3.8%, US GDP fell 6.2% in the fourth quarter. 3.0 million jobs were lo

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Economic Depression?

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