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Foundations Of Spending Built On Debt

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http://www.ft.com/cms/s/0/4e9bc5c2-6dfb-11...00779fd2ac.html

You don’t need as large a rise in interest rates any more to have a big impact,” said George Buckley, economist at Deutsche Bank. “The whole thing comes at a really bad time for consumers.”
Talk of a recession is confined to scaremongers – but the overriding view seems to be that things are bound to get worse.

Seems to me they have been reading HPC armchair economists. :ph34r:

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