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Economy On The Rebound, Or A Sucker’s Bounce?

Better (or at least, not as bad) earnings reports from banks and a slice of the retail demographic have consumers looking more positively to the future, despite rising unemployment. The administration is tentatively on the bandwagon. One problem: Depressions don’t have constant GDP contraction, but instead, subpar growth. Is this the slope or the valley?

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- March 18, 2010 -

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