Sunday, June 29, 2008

This Recession, It's Just Beginning

By Steven Pearlstein

This thing's going down, fast and hard. Corporate bankruptcies, bond defaults, bank failures, hedge fund meltdowns and 6 percent unemployment. We're caught in one of those vicious, downward spirals that, once it gets going, is very hard to pull out of.
http://www.informationclearinghouse.info/article20198.htm

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