Thread: Could Recession Spread from America?
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Old 03-09-2008, 07:23 PM   #8 (permalink)
Richterscale
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Quote:
Originally Posted by al Asaad View Post
Reccessions are as much a state of mind as they are statistics.
Wrong. You can't just wish away a loan crisis, or a tumbling dollar, or sinking real wages, or a tapped out system of over borrowed consumers. Those aren't states of mind. They are unfortunate facts.
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