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ecomomy

Commentary

It’s the economy stupid! Or is it the stupid economy?

by Richard Warren | March 3, 2008

Last week President Bush and Federal Reserve Chairman Ben Bernanke both expressed the view that the economy is not headed for recession. With the credit markets in turmoil, housing slumping badly, oil prices soaring, the dollar plummeting and inflation rearing its ugly head, how can they be so optimistic?
The reason is simple; they can’t afford [...]

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