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Saying Goodbye to the Borrow and Spend Economy

Written by Subject: Economy - Economics USA
Let’s get this straight.
 
Household credit is shrinking…
Profits are shrinking…
Employment is shrinking…
Housing values are shrinking…
The wage base is shrinking…
 
But the recession is over!
 
Whoa…how is that possible?
 
This weekend’s news brought no surprises. For example, the housing picture is still depressing – unless you’re a buyer.
 

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