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IPFS News Link • Economy - Economics USA

U.S. slides into dangerous 1930s 'liquidity trap'

1-25-08 • Telegraph.co.uk

"People have been drawing home equity out of the houses at a rate of $700bn or $800bn a year. It's been a huge boost to consumption, but that game is now up. House prices are going to continue falling...

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U.S. slides into dangerous 1930s 'liquidity trap'

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