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90's Labor Secretary Reich: Risk of Economic Depression 20%

newsweek.com — Not long ago the pundits were telling us that a recession wasn't likely. Now it looks like a recession is definite, and now there is speculation about an economic depression. "But several managing directors on the Street, whose opinions I trust, have said to me that the chances for a depression are 20 percent. That matches my sense."

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Favorite? VikingoTJ   157 days ago, made popular 156 days ago