Recession or Depression?

Tags: Booms and Busts

01/10/2008 Mises Wire Antoin E. Murphy

Many people are finally saying the R word: Recession. The fundamentals don’t look good. The externals are even scarier: dollar and stocks skidding, gold and other prices (particularly producer prices) rising. But what has tipped the psychological scales is the statistic no one has cared much about in many years: unemployment. FULL ARTICLE

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