Wednesday, Dec 10, 2008
Misplaced optimism will not change the downward spiral
Bloomberg.com: Worsening Spending Slump Paces ‘Scary’ U.S. Recession
Dec. 10 (Bloomberg) -- The biggest slump in U.S. consumer spending since 1942 will extend the recession and push the jobless rate to the highest level in a quarter century, according to economists surveyed by Bloomberg News.
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