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See the original image at outsidethebeltway.com

Recession, Depression, or Neither?

outsidethebeltway.com — There’s no doubt that the U.S. economy is in a downturn but there ’s serious debate as to what to call all it. The media and political class seems to agree that we’re in a recession and some pundits say that we’re actually past recession and into a full-blown depression. Others reject these labels.

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