As the U.S. economy continues to try to climb out of the sinkhole left by the 2008 bank meltdown, looming disasters in Europe and Japan could end up plunging us back into a recession in the coming months, warns a new report from the San Francisco Federal Reserve Bank.
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Let's see. We're ALREADY in a recession. So now, there's a new one coming. Hmmm, wouldn't that be the DEPRESSION?
ReplyDeleteNice timing on this too. The businesses are already working on their stories they'll tell about sales being down for the holidays.