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IPFS News Link • Economy - Economics USA

Mike Whitney: This Depression is just beginning

 What does all this mean? It means the consumer is down-for-the-count. His credit lines have been cut, his home equity eviscerated, and his checking account swimming in red ink.

1 Comments in Response to

Comment by Melinda Carey
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 It's not a depression, it's a recession. 

 Maybe if we click our heels together three times and repeat it, Dorothy...