Herd quits Eden for land of perpetual recession

By: Caroline Baum January 12, 2009

After a year of denying the U.S. economy was in recession, the herd has turned and is charging full speed in the opposite direction. Now there's no chance we'll ever get out of this mess. The financial system is broken. Banks aren't lending. Housing supply exceeds housing demand. The Federal Reserve has no tools left. Consumers are tapped out. The unemployment ...

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Herd quits Eden for land of perpetual recession

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